Walter Wriston was once one of the most powerful people on the planet. The chairman of the financial giant Citibank and its parent corporation, Citicorp, he was also a man with a vision. Wriston was a globalist who was deeply influenced by economist Friedrich Hayek’s vision of a world in which market freedoms were the ...

The Panama Papers—the massive collection of leaked documents from Mossack Fonseca, a Panamanian law firm that helps set up offshore shell corporations—have already had political consequences. Iceland’s prime minister, Sigmundur David Gunnlaugsson, resigned after the leak revealed that he had partly owned an offshore firm. David Cameron, the British prime minister, is facing criticism over ...