This film made me think of Schumann’s description of Chopin’s music – “cannons hidden among flowers”. Sumptuous images of tropical islands and pomp and ceremony in the City of London, and the calm, reassuring delivery of the financial experts lulls you into a sense of shock and helplessness. As John Chrisensen says, the offshore tax jurisdictions are Frankensteins created by the City of London. Up to half of the world’s offshore wealth is hidden in Britain’s secrecy jurisdictions.
It is a film by Michael Oswald about how the British Empire of colonial power transformed into an empire of financial power. As the British Empire declined, so did the City of London.