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Not while the people running the USA are the same people who hide their immense wealth overseas.
Given the last Panama paper and similar leaks it’s much broader than USA :(
It’s a global class issue.
When Ukraine ousted their previous dictator, the Planet Money podcast had a piece on how the Ukrainian presidential palace had been effectively looted, and traced the absurdly long chain of shell companies that kept the actual owner obscured.
Also, the Vox/Netflix documentary series “Explained” had a genuinely good episode about billionaires. One of the things they brought up was that oligarchs store a lot of money in US real estate, like super-expensive NY condos.
This book is good too. Started in Boston and part of why America even exists as a country.
https://bookshop.org/p/books/the-wealth-hoarders-how-billionaires-pay-millions-to-hide-trillions-chuck-collins/368ffa9fd0d2dc32?ean=9781509543496&next=t
It was nearly a decade ago when I saw this, but there was a documentary, I think it was called The Spider's Web or something like that.
Basically it was about shell companies and "trusts," mostly centered in the Virgin Islands, where billionaires were keeping their real wealth obscured in off-shore banks.
It was mostly focused on wealthy Brits who derived their generational wealth from colonialism. It was pretty interesting though.
The guy was doing some investigative journalism, but obviously he wasn't let into any of the buildings, and once he started to attract notice he started receiving threats and stuff. But he traced money trails backwards and they basically never led to individual people who could be held accountable for the money or how it was used.
Looking back now, I wonder how much of Epstein's wealth was in those banks...
Are there shadow billionaires? Billionaires who are not officially recognized as such en cause they do such a good jon of hiding their wealth?
Oh yeah, I just mean academically. We would need to be on a much different anti oligarchy footing to actually implement. But in the meantime, I like to noodle out systems and mechanisms.
Let's say we eventually get to a renewed trust buster energy like we used the last time we broke up the corporate giants long ago.
Is there anything we could realistically do even with full control of the government, or is that money basically propping up the entire interconnected world economy?
We need a global solution. The scale of economic power is larger than the scale of our democratically controlled political power. Nationalism won't save us.
Well you got to work ontologically. A nation is a system with existing controls. And national control is already dicey at best. Implementing a direct solution at the international level would require a system that to my knowledge doesn't even exists. We treat the UN like an optional club not a world government.