Financial crime is a feature of our global financial system not a bug, pioneering economist Susan Strange recognised. Her message is more urgent than ever. Español
Paying billions in tax revenues, the City would surely be an asset to any country. Wouldn't it? A new book, The Finance Curse, argues that far from being a "golden goose", having an oversized financial sector is seriously damaging to an economy.
Finance and the British state are mutually embedded to the point that it can be hard to tell where one stops and the other starts. Here, Tamasin Cave of Spinwatch gives us a brief tour of the tangled web that is public life in the UK.
The prosperous South East can no longer afford to subsidise the rest of the United Kingdom. Or so runs the conventional wisdom. The facts, on the other hand, are rushing headlong in the opposite direction.
The power of the financial sector in Britain has worked a transformation on the country’s ‘common sense’. A successful challenge will require a radical change to the language we use to describe our shared life.
Is finance like crude oil? Countries rich in minerals are often poverty-stricken, corrupt and violent. A relatively small rent-seeking elite captures vast wealth while the dominant sector crowds out the rest of the economy. The parallels with countries ‘blessed’ with powerful financial sectors are
