With 10 to 15 percent of the world’s financial wealth being invested offshore, and therefore beyond the reach of national taxation systems, the redistributive nature of the state-corporation relationship is destined to end.
Growing inequality is in fact becoming an outright expulsion from livelihoods.
Investing offshore, companies insert vast amounts of wealth in a cloud that moves in perpetuity, excluding citizens from the redistributive mechanism that came to exist in the inter-world war period.
