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Slight statistical effect though - it was a small place that had concentrated banking/shipping etc. The average income of the city of London (the financial cent
by uygbuyb 17y ago
Slight statistical effect though - it was a small place that had concentrated banking/shipping etc.
The average income of the city of London (the financial centre) is higher than the average for the UK - that doesn't mean the solution is for the rest of the country to build banks on all the farmland.
- jimmybot 17y agoRight. What works for Hong Kong, Macau, Singapore, the Isle of Man, and other low tax city states just does not work for the rest of the world--it doesn't scale.
- pchristensen 17y agoExactly. Regulatory arbitrage doesn't work if everyone shares the same regs.