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Will Dirty Money Wash Away Crisis?
The British Virgin Islands, one of the world's offshore havens, gave a
surprise to those hiding their property there. Internal records were
leaked on people, including government officials.
The offshore explosion of Cyprus was immediately followed by Virginian
Islands. The world is affected by an offshore epidemic which may seem
logical against the background of the financial-economic crisis. When
open financial markets and real economic sectors blast, next would be
the turn of offshore havens.
Now it turns out that offshore is not safe and a financial
equalization is underway. Obviously, the problem of offshore is
maturing, which can be determined by several reasons. After the cold
war not only the world map but also the global capital map and
geography were redrawn. There were no principal or essential changes
but new domains emerged which formed new areas of political influence.
In fact, offshore obviously hinders management of the global economic
crisis which is becoming more and more tricky for the governments.
During the crisis social revolts were limited to failure of
governments to be re-elected, change of governments, but it is hard to
predict future transformations of social moods if inefficiency
continues.
Danger is deeper because it threatens not just specific governments
but the social, political, economic transformation itself. This
formation was built on the confidence that the society effectively
rules the country through its voting in elections, distributes fairly
the output of the economic growth, controls the governments.
However, the crisis showed that the contrary took place, there was
polarization, concentration of wealth in the hands of some groups, and
the problem is the minimum share for the society and the political
propaganda technologies which convinced of the fairness and
effectiveness of the existing formation.
Along with the growth of information technologies, however,
circulation of information gets out of control, so effectiveness of
those technologies is questioned. The global crisis helps the society
look at the reality from a different angle. The interaction of these
two realities results in a new citizen or a new thinking, new
perceptions of the real influence on the process of government. This
is a serious challenge to governments.
In fact, offshore is viewed as one of the systemic options of solution
of the problem. If declassification of the offshore capital does not
help control economic and political movement, boosting the
effectiveness of crisis management, it will at least allow shifting
part of responsibility for the crisis to the offshore, directing
public attention and dissatisfaction there.
That would allow marking time, not more. After all, offshore is not
unlimited, especially that they are not limited to non-Western capital
and it is impossible to blame offshore for everything all of the time.
James Hakobyan
17:17 04/04/2013
Story from Lragir.am News:
http://www.lragir.am/index.php/eng/0/comments/view/29511
From: Emil Lazarian | Ararat NewsPress
The British Virgin Islands, one of the world's offshore havens, gave a
surprise to those hiding their property there. Internal records were
leaked on people, including government officials.
The offshore explosion of Cyprus was immediately followed by Virginian
Islands. The world is affected by an offshore epidemic which may seem
logical against the background of the financial-economic crisis. When
open financial markets and real economic sectors blast, next would be
the turn of offshore havens.
Now it turns out that offshore is not safe and a financial
equalization is underway. Obviously, the problem of offshore is
maturing, which can be determined by several reasons. After the cold
war not only the world map but also the global capital map and
geography were redrawn. There were no principal or essential changes
but new domains emerged which formed new areas of political influence.
In fact, offshore obviously hinders management of the global economic
crisis which is becoming more and more tricky for the governments.
During the crisis social revolts were limited to failure of
governments to be re-elected, change of governments, but it is hard to
predict future transformations of social moods if inefficiency
continues.
Danger is deeper because it threatens not just specific governments
but the social, political, economic transformation itself. This
formation was built on the confidence that the society effectively
rules the country through its voting in elections, distributes fairly
the output of the economic growth, controls the governments.
However, the crisis showed that the contrary took place, there was
polarization, concentration of wealth in the hands of some groups, and
the problem is the minimum share for the society and the political
propaganda technologies which convinced of the fairness and
effectiveness of the existing formation.
Along with the growth of information technologies, however,
circulation of information gets out of control, so effectiveness of
those technologies is questioned. The global crisis helps the society
look at the reality from a different angle. The interaction of these
two realities results in a new citizen or a new thinking, new
perceptions of the real influence on the process of government. This
is a serious challenge to governments.
In fact, offshore is viewed as one of the systemic options of solution
of the problem. If declassification of the offshore capital does not
help control economic and political movement, boosting the
effectiveness of crisis management, it will at least allow shifting
part of responsibility for the crisis to the offshore, directing
public attention and dissatisfaction there.
That would allow marking time, not more. After all, offshore is not
unlimited, especially that they are not limited to non-Western capital
and it is impossible to blame offshore for everything all of the time.
James Hakobyan
17:17 04/04/2013
Story from Lragir.am News:
http://www.lragir.am/index.php/eng/0/comments/view/29511
From: Emil Lazarian | Ararat NewsPress