Tony Norfield details, with shocking and insightful research, the role of the US dollar in global trading, the network of Britishlinked tax havens, the flows of finance around the world and the system of power built upon financial securities. All big international companies-not just the banks-utilise this system, and The City shows how the operations of the City of London are critical both for British capitalism and for world finance. It is also, as this groundbreaking book reveals, a crucial part of the mechanism of power in the world economy.īased on the author’s twenty years’ experience of City dealing rooms, The City is an in-depth look at world markets and revenues that exposes how this mechanism works. The City, as London’s financial centre is known, is the world’s biggest international banking and foreign exchange market, shaping the development of global capital. Radical insider’s account of how the city of London really works
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