The City

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This book is a formidable challenge to conventional wisdom and an essential contribution to the discourse on global finance. Written by a banker who quotes Lenin approvingly, it stands out for its unique perspective. The author, having worked extensively within the financial sector, provides a well-researched analysis that demystifies the complexities of finance for the average reader while also enlightening experts. It serves as a critical examination of the financialization of our world, with the author acting as a radical guide to London's role in this process. With empirical research and clear argumentation, the book refutes the common belief that London is merely a satellite of Wall Street, instead portraying it as a distinct entity leveraging Britain's imperialist privilege to extract value globally. The author critiques flawed arguments from the liberal-left, particularly the false dichotomy between 'productive' capitalism and 'casino' banking, suggesting that such views absolve capitalism from its responsibilities. With two decades of experience in the City of London and a PhD in economics, the author combines insights from his financial career with a thorough Marxist understanding of political economy. This timely and insightful work is invaluable for anyone seeking to understand the intricacies of the financial system and its broader implications within capitalism.