The principal objective of the UK tax system, in which the poor pay a higher proportion of tax than the rich, is not to improve the collective well-being of society, but to funnel cash – largely through tax cuts – to the corporate elite. This isn’t free-market capitalism in the formal sense, but socialism for the rich – a form of state capitalism – no different in principle to the old statist economies of the former Soviet Union.
Bribery and corruption is an inherent and unfortunate part of big business deal-making across the developed and developing world. But the idea that the Western corporate media would present domestic and foreign corruption as the same is unthinkable. Instead, viewers of the BBC are conveniently invited to vent their anger towards black politicians in far away places.
Long before the Paradise Papers, or the Panama Papers, the Enron scandal, Savings and Loan crisis, WorldCom, and the Global Financial Crisis, governments in the US, UK and Australia were colluding with the world’s biggest banks and their clients using aggressions dynamics not to defeat but to suborn the controls of the supposedly independent professionals: The accountants.
No Pakistan Prime Minister has completed a regular term in office, their tenures cut short by assassination, civilian or military coups, judicial intervention, and intra-party machinations. The resignation of Pakistan’s Prime Minister, Nawaz Sharif is another in a long-line of leaders whose term was cut short by greed and malfeasance. Historian, Professor Ilhan Niaz examines institutionalised corruption in Pakistan.