The City: London and the Global Power of Finance
| Author | : | |
| Rating | : | 4.48 (585 Votes) |
| Asin | : | 1784785024 |
| Format Type | : | paperback |
| Number of Pages | : | 304 Pages |
| Publish Date | : | 2013-07-05 |
| Language | : | English |
DESCRIPTION:
Tony Norfield details, with shocking and insightful research, the role of the US dollar in global trading, the network of Britishlinked tax havens, the flows of finance around the world and the system of power built upon financial securities. Radical insider’s account of how the city of London really worksThe City, as London’s financial centre is known, is the world’s biggest international banking and foreign exchange market, shaping the development of global capital. Based on the author’s twenty years’ experience of City dealing rooms, The City is an in-depth look at world markets and revenues that exposes how this mechanism works. It is also, as this groundbreaking book reveals, a crucial part of the mechanism of power in the world economy. All big international companies—not just the banks—utilise this system, and The City shows how the operations of the City of London are critical both for British capitalism and for world finance. Why do just fifty companies now have control of a large share of world economic production? The City explains how this situation came about, examining the history of the world economy from the postwar period to the present day. If you imagine you d
This book should be required reading for both bankers and activists alike.” —Joris Luyendjik, author of Swimming with Sharks: My Journey into the World of the Bankers “With heaps of empirical research and a clear style of argumentation, he demonstrates that the City isn’t a ‘satellite of Wall Street’ as many think, but its own beast, using Britain’s imperialist privilege to extract value from the world economy. Tony Norfield is—or was—one. Twenty years a trader at the centre of the financial web, he has married the insights into the workings of
In 2014, he was awarded a PhD in Economics from the School of Oriental and African Studies, University of London. For ten years he was an Executive Director and the Global Head of FX Strategy in a major European bank, travelling to some forty countries on business, negotiating with finance ministries, central banks and major corporations. . He was frequently quoted in the Financial Times, Wall Street Journal,
Very scholarly, an informed global view, less of Very scholarly, an informed global view, less of the inner workings of the City than I expected but very ably explains how the English have badly hurt themselves by the Brexit vote, which is certain to damage the City's position in the world and thus the living standards of the British. This book is not written from any particular point of view, i.e., not capitalist or socialist or any other -ist or -ism, but is . "power of capitalism" according to Kitty Bryant. eye-opening understanding of modern global capital power.