“The Panama Papers illuminate a key aspect of why the system isn’t working–because globalization has allowed the capital and assets of the 1 % (be they individuals or corporations) to travel freely, while those of the 99 % cannot. Globalization is supposed to be about the free movement of people, goods, and capital. But in fact, the system is set up to enable that mobility mainly for the rich (or for large corporations). The result is global tax evasion, the offshoring of labor, and an elite that flies 35,000 feet over the problems of nation states and the tax payers within them.”
Why the Panama Papers could lead to a great crisis for capitalism Panama Papers Could Shake Capitalism | Time via @TIMEBusiness
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The most important issue in this case of the Panama Papers is the great wealth, which has been gathered in the hands of politicians and secondarily is the matter of the tax evasion. The huge inequality is the result of the expanded corruption and these evidences of the Panama Papers show the lack of transparency so in the supposed Democratic states, as in the most autocratic regimes.
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