The Spider's Web: Britain's Second Empire, is a documentary film that shows how Britain transformed from a colonial power into a global financial power. At the demise of empire, City of London financial interests created a web of offshore secrecy jurisdictions that captured wealth from across the globe and hid it behind obscure financial structures in a web of offshore islands. Today, up to half of global offshore wealth may be hidden in British offshore jurisdictions and Britain and its offshore jurisdictions are the largest global players in the world of international finance. How did this come about, and what impact does it have on the world today? This is what the Spider's Web sets out to investigate. With contributions from leading experts, academics, former insiders and campaigners for social justice, the use of stylized b-roll and archive footage, the Spider's Web reveals how in the world of international finance, corruption and secrecy have prevailed over regulation and transparency, and the UK is right at the heart of this.
Interesting but superficial look into the shadow financial system
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.
- Feb 10, 2020
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