Rich people are not like us–they have more money. And mega-rich people? They not only have more money, but they hide it “offshore,” to avoid detection by the tax man, law enforcement, creditors, divorce lawyers, and, sometimes, their fellow citizens whose collective coffers they’ve plundered.

In this conversation, Greg Olear speaks with the economic sociology professor Brooke Harrington, author of Offshore: Stealth Wealth and the New Colonialism, about the murky world of offshore finance, its implications for global inequality, the challenges of studying the ultra-rich, the culture of competitive depravity among the wealthy, and the dangers of their influence on both democracy and capitalism. They also discuss the looming AI bubble, the true purpose of AI, Jeffrey Epstein, and why studying the humanities is so vital.

Brooke Harrington is Professor of Economic Sociology at Dartmouth College. Since 2007, she has examined inequality from the top end of the socio-economic spectrum—a research program inaugurated by her training for two years to become a certified offshore wealth manager. Her previous book—Capital without Borders —won the “Outstanding Book” award from the Inequality, Poverty and Mobility section of the American Sociological Association. She advises the Organisation for Economic Co-operation and Development, EU Parliament, and the tax agencies of countries across Europe, North America and Asia-Pacific. Her latest book, Offshore: Stealth Wealth and the New Colonialism, was named a “Best Book” of 2024 by the Financial Times.

Follow Brooke:

https://bsky.app/profile/ebharrington.bsky.social

Visit her website:

https://brookeharrington.com/

Buy the book:

https://brookeharrington.com/books/offshore-book/

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