Great article by one of Scotlands best alternative media outlets today. Kinda gets to the root of the issue: Rejecting London’s Global Dominance The City of London not only exerts massive power over the rUK; as a centre of global financial capital it tends to dominate the rest of globe as well. The city, for instance: Acts as hub to half the world’s tax havens. Provides one of the key spaces where financial fraud and malpractice are devised and carried out. (The LIBOR rate-rigging scandal is but one example.) Offers a focal point and profits greatly from the global arms industry. Hosts vulture funds that prey on countries’ odious debt. Leads investments in fossil fuels, including unconventional fuels like tar sands. Enables speculation and drives up the price of essentials such as food. This list is illustrative rather than comprehensive. It is fair to suggest that beyond the rUK’s shores, London is destructive to both people and the planet, in many cases working hand in hand with other centres of financial power such as New York and Frankfurt. bellacaledonia.org.uk/2014/09/15/seismic-cracks-in-the-united-kingdom/
Posted on: Mon, 15 Sep 2014 22:37:58 +0000