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Panama Papers May Trigger Demand for Good Government

Published: 12 April 2016

The parallel universe of some of the world’s wealthy and their bankers was exposed just over a week ago by a massive leak on its inner workings. The Panama Papers concerning more than 200,000 offshore companies continue to create enough waves internationally that the whistleblower on the Panamanian law firm Mossack Fonseca will, when identified, probably become known as the world’s leading “Information Patriot.”

Volkswagen was shamed last year for placing software in their diesel vehicles in order to cheat emissions tests. Professor Henry Mintzberg of Canada’s McGill University explained that what happened at Volkswagen was part of a larger syndrome:

“Far more insidious, however, is the legal corruption, because it is so prevalent. Goldman Sachs allegedly manipulated the market for recycled aluminum so that it could siphon off $5 billion (U.S.) by moving ingots from one warehouse to another. What were they thinking? That’s easy: $5 billion. The company claimed to have broken no law. And that is precisely the problem: Our societies are being destroyed by this legal corruption.”

Read full article: Epoch Times, 11 April, 2016 

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