From that liberal rag, the National Review www.nationalreview.com/2026/10/cong...

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Though plenty of Chinese oligarchs use offshore accounts to protect & grow their personal billions, the Chinese state itself is using offshore finance as a tool to funnel influence & development funds worldwide, particularly to under-developed regions in Africa.Trump is just using offshore to steal.

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This is in contrast to the way that Trump is using the offshore financial system (via a bank account in Qatar) to pocket personally the proceeds of looting Venezuelan oil money--an opportunity he created for himself by using our tax contributions to launch an illegal invasion of that country.

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Trying a new thing here, hope to make it a regular feature: Economic Sociology Cool Paper of the Week. This 1 argues that offshore finance isn't just for *escape* from law--it can be a tool of governance. Sovereign states like China use it to project power globally. academic.oup.com/ser/advance-...

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Like, if you have an infection in your finger, and I say "well, we can do nothing and let it spread, or I can amputate your arm," and then complain that we have a shortage of arm amputations in the US, it's fair to ask "maybe we could do something else and get the same result at less cost?!"

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