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The Spider's Web: Britain's Second Empire

Linked by Paul Ciano on October 18, 2018

Via naked capitalism.

At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions, and Britain and its dependencies are the largest global players in the world of international finance.

We have a new mafia in town. It does not actually shoot people. It does not put bullets in their kneecaps, but its trade is just as deadly. It deprives people of opportunities to have health care, education, security, justice, and, essentially, a fulfilling life.

‐ Prem Sikka


Paul Ciano

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