![The Finance Curse](/summary-img/34966-JO8RZLOW.jpg?h=M&b=0)
Article
The Finance Curse
How the Outsized Power of the City of London Makes Britain Poorer
The Guardian,
2018
Recommendation
A thriving, dominant sector that draws money from around the world should help a country’s economy and benefit most of its people. But nations that boast abundant natural resources have a long history of passing profits to the wealthy as the rest of the populace becomes poorer. Journalist Nicholas Shaxson asserts that a similar pattern occurs in London’s financial sector, where growing wealth has inflated asset prices, promoted tax dodges and enriched a small segment of the population. His call for change may raise some eyebrows, but it may also open some policy makers’ and taxpayers’ eyes to a significant economic imbalance.
Summary
About the Author
Nicholas Shaxson is a journalist and the author of Treasure Islands and The Finance Curse.
By the same author
Article
Learners who read this summary also read
Article
Article
Article
Report
Book
Comment on this summary or Start Discussion