Elites across the globe are hiding their wealth—from both taxation and international scrutiny—in a shadowy realm made up of hidden accounts, disguised entities, and artificial trades.
As Charles Davidson and Ben Judah detail in their Journal of Democracy essay, “How Financial Secrecy Undermines Democracy,” this secret world and its covert dealings are undermining both capitalism and democracy.
The following essays from the Journal of Democracy examine the challenge that these hidden financial networks pose to democracies and aspiring democracies around the world.
Power and Plunder in Putin’s Russia
Russia’s ruling elite have used corruption to line their own pockets and as a tool of domestic political control and global power projection.
By Miriam Lanskoy and Dylan Myles-Primakoff
Subscribe here to have curated collections like this one and other Journal of Democracy news delivered directly to your inbox.
Image credit: Fernando Galliance-Juarez/Picture Alliance via Getty Images