“There is something about island life that stifles dissent. In the island goldfish bowl, you cannot hide. The ability to sustain an establishment consensus and suppress troublemakers make islands especially hospitable to offshore finance, reassuring international financiers that local establishments can be trusted not to allow democratic politics to interfere in the business of making money.”
Nicholas Shaxson: Treasure Islands, Tax Havens* And The Men Who Stole The World.
*Including Hong Kong, the Bahamas and Ireland.