Scroll to top

Newsweek Op-ed: Countering the Wizards of a Dystopian Oz

No comments

Newsweek Op-ed: Countering the Wizards of a Dystopian Oz

Posted by Enough Team on May 17, 2016

Editor's Note: This op-ed originally appeared in Newsweek and was written by Enough Project Founding Director John Prendergast.

The Panama Papers leak and the Global Anti-Corruption Summit convened in London last week by U.K. Prime Minister David Cameron have focused attention on corruption and tax evasion, highlighting the extraordinary wealth being hidden to evade international regulation.

Such belated attention is welcome, but will only matter if it leads to enforceable changes that benefit the people and nations victimized in a dystopian Oz of shadowy deals and dirty money.

In many countries, the system of the state has been hijacked by kleptocratic networks using schemes like shell corporations in tax havens that mask who the real owners are in order to privatize vast natural resource wealth. There are also connections between hijacked states and networks of terrorism and organized crime. As it stands, grand corruption, conflict, and national security threats serve each other’s interests, and their connections will continue to deepen unless commitments made at the summit are implemented.

Read the full op-ed in Newsweek.