by Peter May on Progressive Pulse

Last evening I had the opportunity to attend a preview of ‘The Spider’s Web’, a new film about the City of London.

Made on a shoestring budget, it was nonetheless successful at showing how the City has accumulated most of its wealth, not principally by financing the Industrial Revolution* as many of us (me included) had imagined, but by financing the British Empire. When the empire disappeared the City transformed itself by creating other opportunities.