Saturday, 4 July 2015

London: "The money laundering capital of the world"

The sad story of what´s in for London:

The reason new money floods to London isn’t necessarily sentimental but pragmatic: London sells itself to the 21st century as, in the words of English satirical magazine Private Eye, “the money laundering capital of the world.” Nowhere is this more striking than in the property market.
“London has become a safe haven for corrupt capital from around the world,” says a new report by Transparency International, “facilitated by the laws which allow UK property to be owned by secret off-shore companies.” In this new order the “proper” English are increasingly becoming the service class. The new English hero of the age is the elite estate agent (they prefer to be known as “property brokers”). You find them in the lobbies of the Park Lane hotels and at the after-parties of art auctions, looking to snag a client and sell off a bit more of London.
But how do the new elite see the English?
At brunch with the wife of a Russian minigarch at a Mayfair club, I noticed one smart young Englishman after another come up to our table to offer his services as a wine merchant, landscape gardener or interior designer. She leaned over to me: “You have to watch the English like a hawk when they come do any work — they’re lazy and always try to rip you off.” It was just the way the English had once talked of their colonial subjects and foreign “help.”
So will this be the future of London? A globalized elite serviced by a class of English butlers, estate agents and money launderers? It’s hard not to notice the historical irony — the nation that once ruled over half the world reduced to being, if not colonized, then at least relegated to second class in the postcodes of its own privilege.

Read the entire article here


swapana kakarala said...

Amazing information in the post

Govt Jobs in India

jobtodayinfo com said...

Nice Posts......Good Information
Latest Current Affairs

Manasa Garugu said...

Sarkari Recruitment is one of the biggest Indian Job Site so here you will getMPSC Jobs 2017so

Unknown said...

AP Exam Results is Now releasing Manabadi ap 10th class results 2017 and also Releasing
manabadi Ap eamcet results 2017 , SO Take Time and Check Out Apexamresults website For fast servers and More

tony said...

Thanks for sharing information..Click Here For

Railway Group D Recruitment RRB RRC Notification

Unknown said...

HPPSC Recruitment Notification Download
 Latest syllabus of PGCIL Diploma Trainee ,Other Posts

Unknown said...

Gramin Dak Sevaks Gujarat Merit List Click Here

Download Gujarat Police Inspector Class II Syllabus PDF

kingrani said...

Flipkart Cashback on Mobiles
Flipkart offers on Sarees said...