The City of London (Volume IV): A Club No More 1945-2000

Overview

The final volume of this ground-breaking quartet leads us through the dramatic post war years, from derelict bomb-sites to shimmering skyscrapers. After the dark days, London slowly reasserts itself as the financial capital of the world.

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Overview

The final volume of this ground-breaking quartet leads us through the dramatic post war years, from derelict bomb-sites to shimmering skyscrapers. After the dark days, London slowly reasserts itself as the financial capital of the world.

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Editorial Reviews

From the Publisher
“Economic history at its most glittering.” – The Times
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Product Details

  • ISBN-13: 9780712667357
  • Publisher: Random House Adult Trade Publishing Group
  • Publication date: 5/28/2002
  • Pages: 640
  • Product dimensions: 6.00 (w) x 9.12 (h) x 1.75 (d)

Meet the Author

David Kynaston’s four volumes of The City of London have all been published to critical acclaim.

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Sort by: Showing 1 Customer Reviews
  • Posted April 29, 2009

    more from this reviewer

    I Also Recommend:

    Over-enthusaistic survey of the City of London

    In this book, financial journalist David Kynaston tells in loving detail the story of the City of London since 1945.

    He reminds us of all those City scandals, like Guinness, Blue Arrow, BCCI, Robert Maxwell (backed to the end by Goldman Sachs) and Barings, its endemic crime of insider dealing, and its self-serving incompetence, as when insurance firms wrongly advised more than two million people to leave their occupational pension schemes.

    The City claims to help the economy by directing investment into production and growth, but it has not done this. Instead it takes money out of the economy, away from production. It seizes the wealth created by real work, and loots from the constant stream of capital hurtling round the globe - other people's money, our savings, mortgages and pensions - and gambles it away. The interests of what Kynaston calls 'infinitely amoral international capital' conflict with Britain's real interests, particularly our industry.

    He shows how the City has always backed the most backward forces and policies. He recounts how in the 1975 referendum on EEC membership, "The City, so far as one can tell, was almost unanimously in favour of a 'Yes' vote. Two months ahead of voting the clearing banks agreed to contribute £200,000 to the 'Britain in Europe' campaign."

    He notes, on "the larger question of whether City sentiment as a whole was supportive of Thatcherite economics during these early, highly controversial years of the Thatcher era. Broadly, as far as one can tell, it was ." And not just in the early years: in the June 1987 election, City traders wore stickers saying, "We all say YES to Maggie."

    Successive governments - none more than Brown's - have embraced the treachery in the City. Instead, we need to put Britain, and Britain's industry, first, and make finance serve our national interest of employing all our people in useful work, making what we need.

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