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How Britain transformed from an imperial power to a financial power.How Britain transformed from an imperial power to a financial power.How Britain transformed from an imperial power to a financial power.
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There is a shadow financial system that spans the globe, sure, everyone knows this at some level, its why we joke about off shore accounts, but why is the question they don't want to answer because the perspective is reflexively left wing. The awful truth is this is what allows us to indulge in the fiction of democracy as the flaw is once those who don't pay net taxes decide to tax those who do, it becomes theft and the productive either seek to escape or allowances are made to keep them as they hold up the system. This is why the narrative is a distortion, even in the UK, despite the claims of evasion, the rich still pay the vast majority of all taxes. The politicians and the elite juggle the laffer curve with the demands of the populous and the shadow financial network enables the lie.
I was astounded by this documentary, presenting beyond a shadow of a doubt the rampant theft being perpetrated by the economic and political establishment of the UK.
The narration, production, and music were all on point but above all this is a documentary of content, and if you wonder why so much is wrong with the world, this will provide you with a good portion of the answer.
The narration, production, and music were all on point but above all this is a documentary of content, and if you wonder why so much is wrong with the world, this will provide you with a good portion of the answer.
An eye-opening documentary about just how corrupt the City of London and its offshore tax havens are, how a system of secret trusts and shell companies allows the wealthy and businesses to evade tax, and how their banks and accountancy firms have infiltrated British government, subverting democracy so it works against the interests of the people.
The final narration of the doc sums it up:
"The City of London was the beating financial heart of the British Empire. As Britain's Empire declined, the City transformed itself from a hub operating the financial machinery of Empire into a global financial centre. Former insignificant outposts of Empire became the basis for a spider's web of offshore secrecy jurisdictions that captured wealth from across the globe and funnelled it to the City of London.
Today 25% of international finance is conducted on British territory. Almost half of all the world's secrecy jurisdictions are under British protection. Up to half of all offshore wealth may be hidden in Britain's offshore havens.
Financial services are how Britain's elites make their money, and also where former government ministers, senior civil servants and retired spooks from MI5 and MI6 receive lucrative consulting positions after their time in public service. Together they have transformed Britain and its dependencies into the world's largest tax haven, harming development throughout the world, and turning Britain itself into a country that serves, above all, the interests of its elites."
It's a damning documentary. You pay your fair share of taxes. The rich do not. That is the society Britain has created.
The final narration of the doc sums it up:
"The City of London was the beating financial heart of the British Empire. As Britain's Empire declined, the City transformed itself from a hub operating the financial machinery of Empire into a global financial centre. Former insignificant outposts of Empire became the basis for a spider's web of offshore secrecy jurisdictions that captured wealth from across the globe and funnelled it to the City of London.
Today 25% of international finance is conducted on British territory. Almost half of all the world's secrecy jurisdictions are under British protection. Up to half of all offshore wealth may be hidden in Britain's offshore havens.
Financial services are how Britain's elites make their money, and also where former government ministers, senior civil servants and retired spooks from MI5 and MI6 receive lucrative consulting positions after their time in public service. Together they have transformed Britain and its dependencies into the world's largest tax haven, harming development throughout the world, and turning Britain itself into a country that serves, above all, the interests of its elites."
It's a damning documentary. You pay your fair share of taxes. The rich do not. That is the society Britain has created.
I don't deny that the the problem of tax-heavens is serious.
I don't deny that hilarious amounts of income evade taxation.
I don't deny the role of City od London.
However the document is poor:
Summary: Boring, without intellectual depth, sighted from single perspective. Important subject that was just wasted.
Brings more damage to the cause it was supposed to aid.
I expected it to be eye-opener, buy just lost an hour.
I don't deny that hilarious amounts of income evade taxation.
I don't deny the role of City od London.
However the document is poor:
- instead of explaining the schemes it provides repeated statements
- instead of providing diagrams it shows same visuals from the streets
- instead proposing solutions it just moans how bad it is.
Summary: Boring, without intellectual depth, sighted from single perspective. Important subject that was just wasted.
Brings more damage to the cause it was supposed to aid.
I expected it to be eye-opener, buy just lost an hour.
Why democracy is a sham. Laws to defraud the masses & keep the elite, elite.
If you know enough about world politics & International relations, a lot that you fear about inequity & injustice will become clearer after viewing this documentary.
If you know enough about world politics & International relations, a lot that you fear about inequity & injustice will become clearer after viewing this documentary.
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