An observation by Micah White:
The fundamental lesson of the Panama and Paradise Papers is twofold. First, the people everywhere, regardless of whether they live in Russia or America, are being oppressed by the same minuscule social circle of wealthy elites who unduly control our governments, corporations, universities and culture.
We now know without a doubt – thanks to the incontrovertible evidence provided by the Panama and Paradise Papers – that there is a global plutocracy who employ the same handful of companies to hide their money and share more in common with each other than with the citizens of their countries. This sets the stage for a global social movement.
Second, and most importantly, these leaks indicate that our earth has bifurcated into two separate and unequal worlds: one inhabited by 200,000 ultra high-net-worth individuals and the other by the 7 billion left behind.
While street protest is losing its effectiveness, there is a force that could terrify these elites: the spectre of a ruthless and globally inescapable class justice.
Unlike in the 99%’s world where youth languish for months and years in jail for allegedly stealing a backpack or $5 worth of candy or a bottle of water, in the world occupied by the 1% getting caught stealing millions from the public through tax evasion might be embarrassing but is rarely prosecuted. That must change.