Finance Curse and Brain Drain
A couple of days ago I took part in a webinar organised by the admirable Transparency Task Force. The TTF promotes reform of our dubiously accountable finance sector. The speaker on this occasion was Nicholas Shaxson. I'd read and enjoyed his exposé of tax havens, Treasure Islands, some years ago. I'd also read and been impressed by his more recent The Finance Curse, which argues that the UK suffers from its overdeveloped finance sector just as other countries have suffered from over-reliance on a natural resource such as oil. Of course we need banks and financial institutions. They enable businesses to start up and grow, and individuals to use their…
Read More