Kleptocracy and autocracy go hand in hand, reinforcing each other but also undermining any other institutions that they touch. The real estate agents who don’t ask too many questions in Sussex or Hampshire, the factory owners eager to unload failing businesses in Warren, the bankers in Sioux Falls happy to accept mystery deposits from mystery clients—all of them help undermine the rule of law in their own countries and around the world. The globalization of finance, the plethora of hiding places, and the benign tolerance that democracies have shown for foreign graft now give autocrats
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