2 ms·
> Not one other European city can wield the level of financial and soft power that London did and still does. Post-WW2 near bankrupt London got where it is tod
by ChuckNorris89 4y ago
> Not one other European city can wield the level of financial and soft power that London did and still does.
Post-WW2 near bankrupt London got where it is today by being the global dirty money laundering capital of the world[1]. Not something to be proud of, although the economic opportunities in London are second to none vs the continental EU, including the tech sector.
Brexit heavily benefited the financial industry there as now they'll have more room to launder away form EU regulators. The ones who got screwed were the small and medium businesses who made honest money by selling their products in the EU and the youth cheated away from free study and travel opportunities. They're now shafted.
At this pace, the UK economy will turn into a Hunger Games dystopia with the financial elites in the London making insane money along with the service industry catering to the Wolf-of-Wallstreet sharks who work there and to the Saudi royals, Russian and CCP oligarchs who vacation and park their wealth there, while every other business in the rest of the country will be struggling, further eroding whatever is left of the middle class and the already underfunded social services.
[1]https://www.youtube.com/watch?v=dDtLZ-l_ItE https://www.youtube.com/watch?v=dDtLZ-l_ItE