Russian-Style Kleptocracy Is Infiltrating America
When the USSR collapsed, Washington bet on the global spread of democratic capitalist values—and lost.
"In the dying days of the USSR, Palmer had watched as his old adversaries in Soviet intelligence shoveled billions from the state treasury into private accounts across Europe and the US. It was one of history’s greatest heists.
Washington told itself a comforting story that minimized the importance of this outbreak of kleptomania: These were criminal outliers and rogue profiteers rushing to exploit the weakness of the new state...
The collapse of communism in the other post-Soviet states, along with China’s turn toward capitalism, only added to the kleptocratic fortunes that were hustled abroad for secret safekeeping. Officials around the world have always looted their countries’ coffers and accumulated bribes. But the globalization of banking made the export of their ill-gotten money far more convenient than it had been—which, of course, inspired more theft. By one estimate,
more than $1 trillion now exits the world’s developing countries each year in the forms of laundered money and evaded taxes.
As in the Russian case, much of this plundered wealth finds its way to the United States.
New York,
Los Angeles, and Miami have joined London as the world’s most desired destinations for laundered money. This boom has enriched the American elites who have enabled it—and it has degraded the nation’s political and social mores in the process. While everyone else was heralding an emergent globalist world that would take on the best values of America, Palmer had glimpsed the dire risk of the opposite: that the values of the kleptocrats would become America’s own. This grim vision is now nearing fruition.
The contagion has spread remarkably quickly, which is not to say steadily, in a country haunted since its founding by the perils of corruption.
But nestled in the Patriot Act lay the handiwork of another industry’s lobbyists. Every House district in the country has real estate, and lobbyists for that business had pleaded for relief from the patriot Act’s monitoring of dubious foreign transactions."
https://www.theatlantic.com/magazine/archive/2019/03/how-kleptocracy-came-to-america/580471/