So far, too many citizens have believed the claims of the likes of Donald Trump or, in Britain, Nigel Farage, who argue that if we just tighten our borders against immigrants, we can make our countries great again. The real threat to the liberal order is not the poor immigrants, but unaccountable money. Offshore bandits are looting the world, and this looting is undermining democracy, driving inequality and sucking ever-greater volumes of wealth into Moneyland, where we can’t follow it.

