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The City: London and the Global Power of Finance

Amazon.com Price:  $11.52 (as of 12/05/2019 17:40 PST- Details)

Description

Radical insider’s account of how the city of London actually works

The 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. It is usually, as this groundbreaking book reveals, a a very powerful a part of the mechanism of power on the planet economy.

Based on the writer’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. 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.

Tony Norfield details, with shocking and insightful research, the role of the United States dollar in global trading, the network of Britishlinked tax havens, the flows of finance all over the world and the system of power built upon financial securities. Why do just fifty companies now have regulate 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 consider you don’t like “finance” but have no problem with the capitalist market system, think again: it turns out the two cannot be separated.

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