What happens when the rich are allowed to hide their money in tax havens, and what we should do about it?
revelations from the Panama Papers show unknown levels of secret money:
how the superrich hide their wealth from the rest of us."Dirty Secrets"
uncovers the extent of the corruption behind this crisis and exposes
the failures of those in power to control this rampant greed.
havens are part of the global architecture of capitalism. It is claimed
that they provided the freedom from regulation that was necessary to
really make markets work and so we all actually gained from them. In
this sense they are the ultimate expression of neoliberalism. But this
argument and that philosophy has now failed. Furthermore democracy
itself is being threatened by the political fall-out from the mistrust
this regime has created. The result is that tax havens are now a threat
to the very system that supposedly spawned it."Dirty Secrets"is the most
revelatory examination of the crisis by a leading expert, but also
offers solutions on how governments can regulate havens and what the
world might look like without them.
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||Verso Books UK