We need finance – but when finance grows too big it becomes a curse.
The City of London is the single biggest drain on our resources; it sucks talent out of every sphere, it siphons wealth and hoovers up government time.
Yet to be ‘competitive’, we’re told we must turn a blind eye to money-laundering and appease big business with tax cuts.
We are told global finance is about wealth creation; the reality is wealth extraction.
Bodley Head The finance curse | nicholas shaxson
