The Panama Papers, and then the Paradise Papers, reveal much more than just the murky world of how the very wealthy avoid paying tax. They provide an insight into how democracy is being undermined by oligarchy. Phil McDuff, writing in the Guardian, shows how tax havens and offshore accounts have been set up as a direct result of government policy. They could and should be closed down. However, they will not be closed, not until we have some pretty radical political change. We live in a global oligarchy where the institutions of democracy have been captured and are being used to further enrich a tiny class of international billionaires. One might ask why a billionaire would want more money; surely they own every material possession they could possibly desire?
One explanation is that what they want is ever greater influence on the political process to promote their own vision of how the world should be. ‘Throughout history, oligarchies have often been tyrannical, relying on public obedience or oppression to exist’ (Wikipedia) Globally the super rich are pouring more money into buying up the allegiance of ever more politicians and the media outlets that can promulgate their views. This increasing global trend toward oligarchy is being driven by a strange mix of American libertarians and autocrats, racists and misogynists, Putin’s Russian state machine, some extreme right-wing ideologues and organised crime networks and the limitless greed of already obscenely wealthy individuals.
In 2015 former President Jimmy Carter stated that the United States is now “an oligarchy with unlimited political bribery” (Wikipedia). The election of Donald Trump, the Brexit Referendum and many other elections and political processes were swayed by the flows of dark money and divisive propaganda flowing from the global oligarchy. This is a complex area. Challenging this will require the actions of many people. The best journalists will be needed to uncover this labyrinthine, secretive and dangerous world. Politicians capable of taking a lead and painting a vision of how society could be better organised will need to step up to the task. It will also require the efforts of millions of us ordinary citizens of the world to work together to win the many millions of victories that need to be won in order to implement change.
The oligarchs may have more money and power at the moment, but they can be toppled. Our little local victory that I blogged about last week is one tiny step in the right direction. Millions more steps will be needed. Globally a broad movement that desires a more egalitarian and ecological political and economic system is globally growing in momentum. The limitless greed, belligerent nationalism and ecological damage of the current oligarchy cannot go on much longer.