Mercantilist policies pursued by governments with export driven models threaten to undermine the consensus that underpins global trade. And meanwhile, global capital is too often unaccountable. Nearly $8 trillion stashed away in tax havens and a shadow banking system that grows beyond the reach of effective oversight. A world in which 1% of humanity controls as much wealth as the other 99% will never be stable. I understand that the gaps between rich and poor are not new. (12:19–12:30)
CLAIM
Asserts that a significant amount of global capital is hidden in tax havens and unregulated banking systems.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
