Ezra's Bookshelf

Offshore

by Brooke Harrington

Brooke Harrington's 'Offshore' offers an anthropologist's perspective on the wealth management industry, based on years of fieldwork including obtaining professional certification as a wealth manager herself. Harrington gained unprecedented access to an industry built on secrecy by becoming a practitioner, attending professional conferences, and interviewing wealth managers across the globe. What she found was a profession dedicated to helping the ultra-wealthy minimize taxes, evade creditors, and hide assets from governments, ex-spouses, and anyone else with claims on their money. The book examines the legal structures, from trusts to shell companies to offshore jurisdictions, that enable wealth preservation across generations and borders. Harrington is particularly insightful on the professional culture of wealth management, showing how practitioners justify their work through ideologies of individual property rights and family preservation. She also traces the political consequences of offshore finance, arguing that it undermines democratic governance by allowing the wealthy to opt out of social contracts while benefiting from the stability those contracts provide. Readers will gain insight into a hidden world that shapes inequality in ways most people never see, along with disquieting questions about whether democratic states can survive when wealth becomes stateless.