Friday, April 15, 2016

Panama Papers Post Part II

I feel like there hasn't been enough reaction to the Panama Papers here in the States and while much of that is likely due to the fact that there are virtually no Americans named in the papers (apparently because the law firm in question doesn't like working with us) I am not sure the scale of the leak and the consequences of it are properly appreciated.

This is the largest collaborative effort of investigative journalism in history and it really couldn't have come at a better time for those of us in the USA, anger at the abuse of the financial system by the rich is at what must be close to an all time high, with Presidential candidates on both sides riding a wave of support taking advantage of that anger. And here we have a rare look into how the super wealthy hide their money and avoid contributing to the society that allowed them to become rich, but neither Sanders nor Trump have really said much of substance about the issue, save for Sanders making a few fairly inconsequential attempts to imply Clinton is at fault for allowing the abuses.

Meanwhile in other countries the papers have already brought down a political leader, and no less than four countries, including Panama itself, have raided Mossack Fonseca's as part of criminal investigations.

For their part, MF has basically been telling everyone they did nothing wrong and why won't anyone care that we were hacked by someone to get this information, they are pretty much being ignored by everyone and I am not sure they will avoid legal charges from various countries before this is over.

I think it is important though that we pay attention to this even if there are no Americans on the list (I still expect to find some on there, which should be a pretty interesting thing come May), but even if there aren't any it is still an informative look into the tactics being used as a matter of course by our financial betters, and really should lead to those people getting asked awkward questions here.

But of course or media probably won't let that happen, I do not believe it is a coincidence that none of the major news networks such as Fox or NBC, even CNN, were listed as contributing organizations on the Panama Papers website, as entities that firmly control the tide of discourse, and basically completely in the pocket of the monied class, and they will likely not stop at anything to keep this from becoming a national  conversation.

Which is why I am hoping still that somebody interesting and important from here is in those files, if a high profile executive or politician is found then it will be incredibly hard to prevent public discourse from blowing up, ideally find the Clintons involved as well as the majority of the Republican field, we likely won't be quite that lucky, but this shit needs to be talked about, these are tools only the super rich have, and they are using them to quite effectively prevent being forced to contribute to the economies that helped them. There is no better way to talk about economic inequality than including the phrase "overseas shell corporations and maybe if we hear about it enough we can get a change.

Or a revolt that destroys the system, I guess I could be okay with that too.

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