With 10 to 15 percent of the world’s financial wealth being invested offshore, and therefore beyond the reach of national taxation systems, the redistributive nature of the state-corporation interaction is destined to end.
Growing inequality is in fact becoming an outright expulsion from livelihoods.
Harold Crooks’ The Price We Pay (2014) explores how evolving national taxation systems favour bigger corporations, allowing them to pay minimal amounts of tax in the economic realities they operate in.
Investing offshore, companies insert vast amounts of wealth in a cloud that moves in perpetuity, excluding citizens from the redistributive mechanism that came to exist in the inter-world war period.
The middle classes — existing within the framework of a structured welfare state — are destined for extinction.
Crooks is an acclaimed director, with a background in economics and journalism. His previous work includes The Corporation (2003) and Surviving Progress (2011).