Hacker News new | ask | show | jobs
by radicaldreamer 1401 days ago
Their financial empire still remains strong, as a conduit or storage tank for illicit flows from corrupt countries worldwide (a kind of Switzerland with a large population and areas for investment).
1 comments

London is the money laundering capital of the world. That's literally all we have left.
To be exact, the City of London - the "square mile" that is a 95% self-ruling medieval enclave within the city of London.
Lest someone think this is a joke or exaggerated. No, it's literally true. Corporations have a direct vote in the assembly. It's policed by itself and answers to no-one, not even the symbolic "crown"
Brings a whole new meaning to "Singapore on the Thames" eh
I think that was always the meaning at some level, to be honest.