
Our New Gilded Age
The TLS Podcast
00:00
How to Make Serious Money Comments Knowles
Financial london gets rich by skimming tiny percentages off unimaginably large sums of money. Knowles walks west to mayfair, belgravia and saint james's where smaller private equity and hedge fund operations lurk behind the stuccoed facades of georgian town houses. It is classic rent seeking, taking unearned income from unproductive activities in the city. The only winners here are the funds and their investors from purpose built offices of shoreditch and the city.
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