The City today is the most dynamic and world-beating sector of the British economy. But at what cost? Elected politicians pretend they have power, but in reality are fettered by the narrow parameters of the financial markets. City values - greed, the bottom line, league tables are now the prevalent social and cultural values. The City is the cuckoo in the nest that makes it impossible for nurses, bus drivers and policemen to live in inner London, but enriches restaurateurs, estate agents and interior designers. Touching all the bases, The City State, will generate a new debate about the realities of Britain, the role of the city in British society and its place in the changing global economy.
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David Kynaston is Visiting Professor at Sussex and the author of The Definitive Four volume History of The City (Chatto) as well as histories of the FT and other City institutions.
This lively read is strongly recommended - it should lead to plentiful and fruitful debate -- Colin Leach * Professional Investor * A lively account of how the City works and how it has changed in recent decades. Their book is knowledgeable and provocative. -- William Keegan * Economics Editor of The Observer * A thoughtful and thought-provoking study of the moods and machinations of the world's largest international financial centre -- Hamish McRae * The Independent * Very readable and rich with anecdotes, this is a pithy and provoking guide to the modern City -- Martin Dickson * Financial Times *
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