Category: Regulation
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A World Data Organization
The Rise of the “Sovereign Internet” The original dream that guided the early days of the internet, a dream of a free space for communication and commerce, is slowly coming apart globally. The internet has shifted from a free space owned by users to one monopolized by giant technology corporations across communication, commerce and search.…
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Short-Termism in Capitalism
“Modern capitalism is plagued by short-termism and myopia.” “Shareholders are king and everyone else gets left behind.” “The public markets hurt companies more than help them.” This is the popular narrative today and to some extent it is true. It is true that modern capitalism does present numerous challenges for public companies. Quarterly reporting cycles…
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Global Money Laundering Part II
The FinCEN files has quickly swelled into a news story globally with new revelations coming thick and fast – with everyone from Michael Flynn to the Tokyo Olympics now caught up in the scandal. But the FinCEN files – while rich in information – pale in comparison with the 2016 Panama Papers leaks. The Panama Papers involved the leaking of 2.6 terabytes…
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Global Money Laundering Part I
The NY Times story shedding light on the mystery of US President Donald Trump’s tax returns has brought the issue of tax evasion and money laundering back into the limelight in recent weeks. According the NY Times, the President has avoided paying Federal income taxes in 10 of the 15 years preceding his election. Perhaps more politically…
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The Access Act of 2019
“Governments of the Industrial World, you weary giants of flesh and steel, I come from Cyberspace, the new home of Mind. On behalf of the future, I ask you of the past to leave us alone. You are not welcome among us. You have no sovereignty where we gather.” – John Barlow, founding member of Electronic…
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Short-Termism in Capitalism and A New Social Contract for Shareholders
“Modern capitalism is plagued by short-termism and myopia.” “Shareholders are king and everyone else gets left behind.” “The public markets hurt companies more than help them.” This is the popular narrative today and to some extent it is true. It is true that modern capitalism does present numerous challenges for public companies. Quarterly reporting cycles…