Political scandals in Brazil, South Africa, Malaysia and other emerging markets feed the deep suspicions ordinary people have that political and business elites are gaming the system to enrich themselves. Resentment over widening wealth gaps is also fueling populist U.S. presidential campaigns in both parties. Against this backdrop, the publication this week by the International Consortium of Investigative Journalists of the so-called Panama Papers—some 11.5 million encrypted internal documents leaked from Mossack Fonseca, a Panamanian law firm that handles offshore business—will add to the cynicism.
There’s a lot of information here. The WikiLeaks documents published in 2010 amounted to less than …read more
Source: Time
