The kind of hidden wealth that the Panama Papers exposed a decade ago fuels corruption, distorts markets, drives inequality, finances authoritarian regimes, and weakens democracies. Yet it endures—not because it is inevitable, but because powerful interests benefit from it.
MUNICH—When John Doe, the anonymous whistleblower behind the Panama Papers, approached us, he handed us an opportunity. When the resulting investigation into the offshore finance industry was published on April 3, 2016, the world was handed a test. As investigative journalists, we seized the opportunity. Sadly, the world has failed the test.
Source:
www.project-syndicate.org
