Panama and Pajama Games

Offshore accounts are nothing new. Their semi-legal and unethical status is well known. Corporate and crony capitalism produce outrageous inequality and concentrations of economic and political power. The wealthy and powerful of the world have secretly stashed away in excess of $20tr in offshore and other tax havens. Moreover, the vast majority of such activity is criminal, illegal or politically unacceptable. Even the inimitable Donald Rumsfeld might agree all this is a “known known.”