Hunt the banker: Alexander Lebedev talks money, corruption and values in the second except from his memoir

All my life I have been fascinated by how people react to wealth, serious money and what it can buy. open image in gallery G20 world leaders gather at a summit on financial markets and the world economy in Washington in November 2008 It is obvious that corruption in developing countries, a result of the way their societies are structured, is one of the causes of this enormous problem. The Third Colonialism is based on the subversion of elites, teaching them how to manipulate finance and siphon money into offshore centres that are part and parcel of the Western economies If the First Colonialism was grounded in military force, and the Second in the financial power of loans, the Third Colonialism is based on the subversion of elites, teaching them how to manipulate finance and siphon money into offshore centres that are part and parcel of the Western economies. Corrupt government officials and fake entrepreneurs are stealing from their poor countries five times more money than their nations are paying on loans from international banks This is happening on an impressive scale. To put it another way, corrupt government officials and fake entrepreneurs are stealing from their poor countries five times more money than their nations are paying on loans from international banks.