From Pine View Farm

The Microcosm 0

At Psychology Today Blogs, Debbie Peterson suggests that George Santos is, in many ways, the personification of this New Gilded Age. A snippet:

These alleged activities (of Santos–ed.) share many characteristics of the white-collar crimes that pose the most serious threat to the global order in decades, according to Transparency International. White-collar crimes include money laundering, dark money transactions, and tax evasion via networked structures that steal vital public resources – to the detriment of communities and the people who live in them. The line between politics and business can be blurred through campaign donations, opaque lobbying, and the revolving doors between industries and political benefactors.

The Pandora Papers Investigations (citation at the link–ed.) identified high-level officials, oligarchs, and billionaires from around the world who were shielded with the help of attorneys, commercial real estate brokers, title companies, banks, and company formation agents who were able to act anonymously and, in turn, obscure the identity of their clients. Corrupt overseas corporate investors operate through virtually unidentifiable shell companies and trusts, unrecorded real estate and company formation transactions, and offshore accounts. The service providers who facilitate corruption also escape regulation, supervision, and accountability.

Do please take a look at her article.

Share

Comments are closed.