Originally published: London: The Bodley Head, 2018.
Global finance is a system that works for the few and against the many. The City of London sucks talent out of every sphere, siphons wealth, hoovers up government time, inflates prices and leads to boom and bust. Yet to be 'competitive', we're told we must deregulate, bust the unions, turn a blind eye to money laundering and appease big business. We are told global finance is about wealth creation; the reality is wealth extraction. Nicholas Shaxson revealed the dark heart of tax havens long before the Panama and Paradise Papers. Now he's issuing a new warning, telling the explosive story of how finance established a stranglehold on society and pointing us towards a way out.
Specialized.