It’s Good to Be the King

Brooke Harrington Norton's new book Offshore: Stealth Wealth and the New Colonialism is published by Atossa Araxia Abrahamian .

Abrahamian ’s concern is the growth of what she describes as the extraterritorial state—a place where the rules don’t apply.

The resulting missing money from public coffers is no small part of the ongoing collapse of both public services and political culture.

David Rothkopf : U.S. is premier destination for those who would hide money, courtesy of lax tax laws and legalized corruption.

He says the Cook Islands is one of the new independent territories after World War II that turned to offshore finance to prosper.

Rothpf: The same laws and financial investment techniques that enable tax dodging are also in no small part responsible for the flood of dark money into our politics.

The author of the book and Abrahamian 's book differ on views of wealth managers.

Abrahamian echoes many of Harrington 's critiques, pointing to inequality endemic to these places.

But Abrahamian believes they’ve existed for hundreds of years for a reason: They serve to reconcile the competing imperatives of nationalism and globalism.