DOC tv world's video: The Panama papers Capitalism is Corruption

Almost everyone is involved from across the Establishment, the rich and the ruling class: current and former heads of state; business magnates; and celebrities. In the biggest data leak in history it has been revealed how the global elite make use of 200,000 shell companies created by the Panamanian law firm Mossack Fonseca to secure their money in offshore tax havens and to shield them from investigation. rich-pigThis is not an amateur operation in the style of smugglers carrying suitcases full of money into Switzerland. Among those who have acted as middlemen for the elite we find some of the largest banks in the world, such as HSBC, UBS, Societe Generale and Credit Suisse. On the one hand, the leak of all this information calls into question the system as a whole, and not just a few bad apples within in. At least 29 of the Fortune 500 companies (the largest corporations in the world) are included in the investigation papers. On the other hand, these latest revelations will come as little surprise to many ordinary people, who already have rock-bottom expectations regarding the behaviour of the rich and the elite after years of Establishment scandals and big business tax-dodging in all countries. United they stand Reading the names of the people involved, we see how although political divides and temporary interests may sometimes cause collisions within the ruling class, their wealth always unites them. Thus we see that among the clients of the Panamanian law firm is the Ukrainian president Poroshenko, but also men tied closely to Putin. Offshore accounts were set up in the name of the father of British Prime Minister, David Cameron; the new Argentinian president Macri; the Saudi King Salman; the Emir of the UAE, Khalifa. The list also includes several senior officials of the Chinese Communist Party, plus the husband of the Chinese president Xi Xingping’s sister. The son of former UN Secretary General Kofi Annan even makes this list with an account in the Cayman Islands. The total amount of capital managed by Mossack Fonseca has not yet been revealed, and perhaps never will be. According to the Panama Papers, a Putin man, Sergej Rodulgin, ran a clandestine money laundering scheme involving about two billion dollars. According to the Guardian newspaper, illegal capital flight from developing countries, often into offshore accounts of this kind, is equal to a thousand billion dollars a year and is growing. The Panama Papers confirm that this system cannot be corrected or reformed. In 2008 the banking system in Iceland collapsed. The Icelandic banks were nationalised, but without challenging the market system in which they continue to operate. But who owns Wintris, an offshore company based in the British Virgin Islands, which has a claim of 3.5 million euros against the nationalised Icelandic banks (and the state)? Icelandic Prime Minister Svikmundur Davíð Gunnlaugsson, or more precisely his wife. Within just 24 hours 21,000 Icelanders (out of a population of 320,000) have signed an online petition that calls for their Prime Minister’s resignation. The bourgeoisie's managerial committee