Panama: capitalism exposed
Each week the capitalist economic system pumps new wealth, created by the labour of workers across the whole economy, into the pockets of owners and shareholders and their associates, advisers, bankers, lawyers, and so on. No-one denies that. Those who defend capitalism as the best system available reply only that it is a manageable problem. The greed for riches (so they say) motivates the capitalist class to innovate and improve efficiency. And the rich pay taxes. And they put their wealth into new investments which create new jobs. The Panama Papers show that in fact the rich hide their...