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The Architecture of Illegal MarketsTowards an Economic Sociology of Illegality in the Economy$
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Jens Beckert and Matías Dewey

Print publication date: 2017

Print ISBN-13: 9780198794974

Published to Oxford Scholarship Online: August 2017

DOI: 10.1093/oso/9780198794974.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 25 October 2021

Futurity, Offshore, and the International Political Economy of Crime

Futurity, Offshore, and the International Political Economy of Crime

(p.108) 6 Futurity, Offshore, and the International Political Economy of Crime
The Architecture of Illegal Markets

Ronen Palan

Oxford University Press

Capitalist economies consist of co-habiting economies, an economy of exchange of goods and services, or the “economy of the present.” This economy is dwarfed by an “economy of the future” that trades in anticipated future earnings and income streams. However profitable, the organized criminal world operates largely in the economy of the present and caught in the slow lanes of the modern economy. But as many criminal organizations are run by savvy businessmen, they seek to access the economy of futurity by “laundering” not only money, but the very organizations they operate. The ease of incorporation and the opacity provided by offshore secrecy jurisdictions allow criminal organizations to appear to be legitimate businesses and thus to access the realm of futurity.

Keywords:   offshore, futurity, evolutionary, tax havens, money laundering

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