Paradise for Plutocrats and the Crimes of Oligarchy

Here we go again. In the latest revelations, widespread tax cheating and secret offshore financial manipulations hide massive amounts of wealth, both ill-gotten and ordinary corporate profits. The International Association of Investigative Journalists (ICIJ) has released “The Paradise Papers,” millions of documents that provide new devastating evidence of the history and current efforts of the … More Paradise for Plutocrats and the Crimes of Oligarchy

Panama Papers: Plutocracy, Kleptocracy, or Both?

plutocracy  [ploo-tok-ruh-see] noun, plural plutocracies. the rule or power of wealth or of the wealthy. a government or state in which the wealthy class rules. a class or group ruling, or exercising power or influence, by virtue of its wealth. kleptocracy  [klep-tok-ruh-see] noun, plural kleptocracies. a government or state in which those in power exploit national resources and steal; … More Panama Papers: Plutocracy, Kleptocracy, or Both?