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In developing countries, the offshore system
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The Spider's Web: Britain's Second Empire

In developing countries,the offshore system of tax havens has facilitatedthe looting of...

In developing countries,
the offshore system of tax havens has facilitated
the looting of the countries by their elites

Full Transcript

00:00:01.000 --> 00:00:04.758
In developing countries, the offshore system
00:00:04.758 --> 00:00:08.866
of tax havens has facilitated the looting of the countries
00:00:08.866 --> 00:00:10.199
by their elites.
Duration
11 seconds
Views
16
Timestamp in Movie
00:35:27
Uploaded
Oct 30, 2025
Genres
documentary
Production
N/A

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Movie Summary

How Britain transformed from an imperial power to a financial power.
It has enabled them to steal the money - The Spider's Web: Britain's Second Empire 00:06
It has enabled them to steal the money
- Illicit financial flows, because the anonymity - The Spider's Web: Britain's Second Empire 00:12
- Illicit financial flows, because the anonymity
This is why there's a group of countries - The Spider's Web: Britain's Second Empire 00:08
This is why there's a group of countries
It's that the incentives of individuals - The Spider's Web: Britain's Second Empire 00:20
It's that the incentives of individuals
- [Narrator] Worldwide, developing countries lose - The Spider's Web: Britain's Second Empire 00:09
- [Narrator] Worldwide, developing countries lose
Most of this wealth flows into large western nations, - The Spider's Web: Britain's Second Empire 00:15
Most of this wealth flows into large western nations,
But illicit flows into western nations - The Spider's Web: Britain's Second Empire 00:08
But illicit flows into western nations
The economies of the United States - The Spider's Web: Britain's Second Empire 00:07
The economies of the United States
The origins of this financialization - The Spider's Web: Britain's Second Empire 00:08
The origins of this financialization
- [Reporter] Anti-war demonstrators protest US involvement - The Spider's Web: Britain's Second Empire 00:09
- [Reporter] Anti-war demonstrators protest US involvement
President Johnson meanwhile let it be known - The Spider's Web: Britain's Second Empire 00:09
President Johnson meanwhile let it be known
- [Narrator] In the 1960s, US economist, Michael Hudson, - The Spider's Web: Britain's Second Empire 00:11
- [Narrator] In the 1960s, US economist, Michael Hudson,
- During the 1960s, - The Spider's Web: Britain's Second Empire 00:11
- During the 1960s,
- [Narrator] Dollars were flowing out of the United States - The Spider's Web: Britain's Second Empire 00:08
- [Narrator] Dollars were flowing out of the United States
The United States attempted to prevent the dollars flowing - The Spider's Web: Britain's Second Empire 00:09
The United States attempted to prevent the dollars flowing
- The government asked Chase to set up a branch in Saigon - The Spider's Web: Britain's Second Empire 00:09
- The government asked Chase to set up a branch in Saigon
It lost money, but the government went to Chase, - The Spider's Web: Britain's Second Empire 00:14
It lost money, but the government went to Chase,
It'll get the general to go, - The Spider's Web: Britain's Second Empire 00:05
It'll get the general to go,
That's what the United States was trying to stop. - The Spider's Web: Britain's Second Empire 00:06
That's what the United States was trying to stop.
- [Narrator] The US was not successful - The Spider's Web: Britain's Second Empire 00:06
- [Narrator] The US was not successful