Get Red Pepper's email newsletter. Enter your email address to receive our latest articles, updates and news.
Put down this magazine now and rush to your local library or closest bookshop and get your hands on perhaps the most important book to appear in recent years for those who care about social justice. Financial Times journalist Nicholas Shaxson’s book is not just an exposé of tax havens that is as page-turning as an airport thriller, with James Bond-like characters colluding with corrupt politicians and their armies of accountants and lawyers in labyrinthine plots to squirrel away trillions – yes trillions – in palm tree-lined Caribbean colonial outposts (and Channel Islands and, er, Delaware). It is a veritable weapon of mental self-defence.
So much of the analysis and discourse surrounding the reverse in western public policy over the past 30 years, from Keynesian management of the economy and support for social protection to laissez-faire frameworks, has focused solely on ideological changes and the emasculation of social democracy and labour.
The gaping hole in this tragic tale is the crucial, perhaps dominant role offshore finance played in this seismic shift. This hole is amply filled by Shaxson’s tome.
More than half of world trade passes through tax havens. A third of foreign direct investment is channelled via these fiscal black boxes. A quarter of all global wealth is stashed by wealthy individuals offshore. And that’s just the legal end of things.
The very same jurisdictions and methods are also used by drug smugglers, terrorists and third-world plutocrats, blurring further and further the distinction between ‘legitimate’ business and organised crime.
Few activists pay much attention to the problem of tax havens. Yet until these berserkers in the international system are eliminated, they are hamsters on a treadmill. The power offshore investors wield over elected governments is vast and ever growing. Shaxson makes a sound argument that tax havens are the greatest injustice the world has known.
Connor Devine writes that whilst Brexit might be a car crash, we can't just side with an institution responsible for enforcing austerity.
Michael Coates reviews a new film revealing the shocking state of housing inequality in the UK.
The vicious media campaign against trans people is part bigotry, part strategy, writes Roz Kaveney
Jon Trickett MP reports on 'Dickensian' levels of poverty and hardship felt across the UK.
Natasha King busts some myths around the No Borders debate
He was once a radical icon, but now he's a mouthpiece for racism and nationalism. Time to get off stage, writes Michael Calderbank
Consensus seems to have shifted, but austerity is far from over. The chancellor has committed us to yet more years of misery while the rich get richer, writes Richard Seymour.
Frustrated at the idea of another royal wedding? You're not alone. Joana Ramiro argues we should stop idealising a fundamentally undemocratic institution.
Liberal elites are using Russian interference to minimise their own political failures, writes Matt Turner
Nick Dearden from Global Justice Now argues that after years of colonial domination and dodgy trade deals, the UK must make amends and support Zimbabwe in this uncertain time.
Meet the frontline activists facing down the global mining industry
Activists are defending land, life and water from the global mining industry. Tatiana Garavito, Sebastian Ordoñez and Hannibal Rhoades investigate.
Transition or succession? Zimbabwe’s future looks uncertain
The fall of Mugabe doesn't necessarily spell freedom for the people of Zimbabwe, writes Farai Maguwu
Don’t let Corbyn’s opponents sneak onto the Labour NEC
Labour’s powerful governing body is being targeted by forces that still want to strangle Jeremy Corbyn’s leadership, writes Alex Nunns
Labour Party laws are being used to quash dissent
Richard Kuper writes that Labour's authorities are more concerned with suppressing pro-Palestine activism than with actually tackling antisemitism
Catalan independence is not just ‘nationalism’ – it’s a rebellion against nationalism
Ignasi Bernat and David Whyte argue that Catalonia's independence movement is driven by solidarity – and resistance to far-right Spanish nationalists
Tabloids do not represent the working class
The tabloid press claims to be an authentic voice of the working class - but it's run by and for the elites, writes Matt Thompson
As London City Airport turns 30, let’s imagine a world without it
London City Airport has faced resistance for its entire lifetime, writes Ali Tamlit – and some day soon we will win
The first world war sowed the seeds of the Russian revolution
An excerpt from 'October', China Mieville's book revisiting the story of the Russian Revolution
Academies run ‘on the basis of fear’
Wakefield City Academies Trust (WCAT) was described in a damning report as an organisation run 'on the basis of fear'. Jon Trickett MP examines an education system in crisis.
‘There is no turning back to a time when there wasn’t migration to Britain’
David Renton reviews the Migration Museum's latest exhibition
#MeToo is necessary – but I’m sick of having to prove my humanity
Women are expected to reveal personal trauma to be taken seriously, writes Eleanor Penny