{"id":23824,"date":"2016-04-15T05:45:47","date_gmt":"2016-04-15T09:45:47","guid":{"rendered":"http:\/\/admin.patheos.com\/blogs\/geneveith\/?p=23824"},"modified":"2016-04-14T22:39:15","modified_gmt":"2016-04-15T02:39:15","slug":"transparency-vs-privacy","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/geneveith\/2016\/04\/transparency-vs-privacy\/","title":{"rendered":"Transparency vs. privacy"},"content":{"rendered":"\n<\/head>

The shady revelations of the Panama Papers <\/a>are sparking new demands for \u201ctransparency\u201d in businesses and in financial transactions, including identifying exactly who owns particular assets. \u00a0To the point that efforts are being made to establish an international registry to keep track of exactly who owns what.<\/p>\n

But some say that anonymity can be important, both to a business and in fending off governments that would love to be all-powerful and all-controlling. \u00a0Read that case after the jump. \u00a0What do you think?<\/p>\n

From\u00a0Transparency International Plots to Strip Global Privacy With Public Registry of Ownership | The Daily Bell<\/a><\/em><\/p>\n

\n

The so-called Panama Papers stolen from the Mossack Fonseca law firm specializing in shell companies has caused Transparency International to issue a press release listing three steps \u201cto stop secret companies.\u201d<\/p>\n

We\u2019d rather stop Transparency International.<\/p>\n

This outfit, the largest entity of its kind with over 100 chapters around the world, \u00a0is determined to create an international registry that will list the \u201cbeneficial ownership\u201d of all\u00a0controlling legal entities. If you want to affix your name to a document asserting ownership of assets, be prepared to have that ownership revealed.<\/p>\n

The group was founded by a former top executive of the World Bank.<\/a><\/p>\n

We\u2019ve been writing about the organization since 2011<\/a>, and it seemed to us then as now that Transparency International\u2019s idea regarding financial and business privacy was fundamentally wrong-headed.\u00a0Contrary to what executives at Transparency International seem to believe, secrecy \u2013 privacy or anonymity \u2013 is an essential component of civilization.<\/p>\n

Without privacy, authoritarianism flourishes because it is impossible to build and expand private networks that would act as a deterrent to government abuses.\u00a0A worldwide transparency regime virtually guarantees abuses and corruption from those in\u00a0 power.<\/p>\n

This is a reason why the \u201ccashless society\u201d idea is such a bad one. When no one is able to use cash, financial histories will be easily available via electronic bank records.<\/p>\n

Yet for reasons having to do with global\u00a0power and control, it is obvious that larger elite powers are focused on generating the maximum amount of transparency possible. Individual people are to be stripped of any ability to maintain anonymity either at home or abroad.<\/p>\n

[Keep reading. . .]<\/a><\/em><\/p><\/blockquote>\n

HT: \u00a0John Frahm<\/p><\/div>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

The shady revelations of the Panama Papers are sparking new demands for \u201ctransparency\u201d in businesses and in financial transactions, including identifying exactly who owns particular assets. \u00a0To the point that efforts are being made to establish an international registry to keep track of exactly who owns what. But some say that anonymity can be important, […]<\/p>\n","protected":false},"author":1281,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,19,26],"tags":[3153,4451],"class_list":["post-23824","post","type-post","status-publish","format-standard","hentry","category-economics","category-government","category-law","tag-right-to-privacy","tag-transparency"],"yoast_head":"\nTransparency vs. privacy<\/title>\n<meta name=\"description\" content=\"The shady revelations of the Panama Papers are sparking new demands for "transparency" in businesses and in financial transactions, including identifying\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.patheos.com\/blogs\/geneveith\/2016\/04\/transparency-vs-privacy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transparency vs. privacy\" \/>\n<meta property=\"og:description\" content=\"The shady revelations of the Panama Papers are sparking new demands for "transparency" in businesses and in financial transactions, including identifying\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.patheos.com\/blogs\/geneveith\/2016\/04\/transparency-vs-privacy\/\" \/>\n<meta property=\"og:site_name\" content=\"Cranach\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/cranachblog\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-15T09:45:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-04-15T02:39:15+00:00\" \/>\n<meta name=\"author\" content=\"Gene Veith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gene Veith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/geneveith\/2016\/04\/transparency-vs-privacy\/\",\"url\":\"https:\/\/www.patheos.com\/blogs\/geneveith\/2016\/04\/transparency-vs-privacy\/\",\"name\":\"Transparency vs. privacy\",\"isPartOf\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/geneveith\/#website\"},\"datePublished\":\"2016-04-15T09:45:47+00:00\",\"dateModified\":\"2016-04-15T02:39:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/geneveith\/#\/schema\/person\/f9ca8670bcc51908a78994c0484dbfa1\"},\"description\":\"The shady revelations of the Panama Papers are sparking new demands for \\\"transparency\\\" in businesses and in financial transactions, including identifying\",\"breadcrumb\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/geneveith\/2016\/04\/transparency-vs-privacy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.patheos.com\/blogs\/geneveith\/2016\/04\/transparency-vs-privacy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/geneveith\/2016\/04\/transparency-vs-privacy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.patheos.com\/blogs\/geneveith\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Transparency vs. privacy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/geneveith\/#website\",\"url\":\"https:\/\/www.patheos.com\/blogs\/geneveith\/\",\"name\":\"Cranach\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.patheos.com\/blogs\/geneveith\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/geneveith\/#\/schema\/person\/f9ca8670bcc51908a78994c0484dbfa1\",\"name\":\"Gene Veith\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/geneveith\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/054d79faea5d476edd8f99e5f14fb17f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/054d79faea5d476edd8f99e5f14fb17f?s=96&d=mm&r=g\",\"caption\":\"Gene Veith\"},\"description\":\"Gene Edward Veith, Jr. is a writer and retired literature professor, serving as Provost Emeritus at Patrick Henry College. 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