Panama – The coming crash of capitalism

By Jean-Pierre Lehmann – in IMD Newsletter, Issue 04: 2016

Watching the alarming scene of global capitalism today is akin to seeing a vehicle hurtling at full speed towards a wall and while shouting and screaming on the sidelines as the pilot remains oblivious and keeps pushing on the accelerator. You know it is going to crash as you watch in disbelieving horror.

The Panama Mossack Fonseca affair is another milestone that the vehicle of 21st century capitalism goes whizzing by on the road to crashing against the wall.


Povl Tiedemann
May 2016


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