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and yet > Then there is the City’s Cash, “a private fund built up over the last eight centuries”, which, among many other things, helps buy off dissent. Only p
by zymhan 6y ago
and yet
> Then there is the City’s Cash, “a private fund built up over the last eight centuries”, which, among many other things, helps buy off dissent. Only part of it is visible: the Freedom of Information Act applies solely to its mundane functions as a local authority or police authority. Its assets are beyond proper democratic scrutiny.
Tax laws aren't the sole way of ensuring financial transparency.
- Havoc 6y agoWell yeah - if you grant someone autonomy you do lose a fair bit of control. To some extent it's a case of can't have your cake and eat it too. It's not exactly a coincidence that the City is in the center of London. Or rather the rest exists around it. London's prosperity is linked to it's existence to some extent. Services account for 77% of London exports & a big chunk of that is financial services.