
What's the Matter with Delaware?
How the First State Has Favored the Rich, Powerful, and Criminal—and How It Costs Us All
Author: Hal Weitzman
Narrator: Sean Runnette
Unabridged: 9 hr 26 min
Format: Digital Audiobook Download
Publisher: Tantor Media
Published: 05/24/2022
Categories: Nonfiction, Political Science, Public Policy, Business & Economics
Synopsis
Hal Weitzman shows how the de facto capital of corporate America has provided safe haven to money launderers, kleptocratic foreign rulers, and human traffickers, and facilitated tax dodging and money laundering by multinational companies and international gangsters. Revenues from Delaware's business-formation industry, known as the Franchise, account for two-fifths of the state's budget and have helped to keep the tax burden on its residents among the lowest in the United States. Delaware derives enormous political clout from the Franchise, effectively writing the corporate code for the entire country.
What's the Matter with Delaware? shows how, in Joe Biden's home state, the corporate laws get written behind closed doors, enabling the rich and powerful to do business in the shadows.


