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The City has one of, if not the world's greatest concentration of finance brainpower and capital, and has survived through hundreds of years of global turmoil a
by growlist 6y ago
The City has one of, if not the world's greatest concentration of finance brainpower and capital, and has survived through hundreds of years of global turmoil as one of the world's leading financial centres. Do you really think these vested interests will just give up that lead and move elsewhere?
- varjag 6y agoIt became global leading when it happened to be the navel of the nascent Empire. With reducing global relevance of the United Kingdom and improvements in conditions for finance elsewhere there are fewer reasons for capital flows to be managed there. Still may take a while and one may well live a fulfilling career in meantime, just saying it's far from a sure bet. Capital is not terribly sentimental.
- growlist 6y agoNo skin off my nose either way - I'd be quite happy to see house prices fall, which is one of the likely consequences.
- michaelt 6y agoThere was a great concentration of brainpower and capital from the industrial revolution, from the age of sail, and from the victorian era. That hasn't lead to the UK being a leader in railway construction or shipbuilding - despite the vested interests.
- growlist 6y agoThe unions bear a large part of the blame for destroying British industry.
- mensetmanusman 6y agoRelying on what happened in the past as a metric for the future might be the slippery slope fallacy..
- growlist 6y agoYes, and the death of the UK and London has been predicted over and over, and yet somehow they continue to flourish...