Relocating the casino

Gentle reader, if I hear one more self-serving statement from a City fat cat or compromised politician to the effect that “the City is too important to our economy for us to insist on caps on earnings.....or over-zealous regulation.....or the rigorous collection of corporation tax.....or the proper taxation of non domiciled financial sector workers.....”, I’m going to throw up.

Surely the Mafia is equally central to the Sicilian economy, or the Camorra to Naples', or the Triads to Taiwan’s, cocaine to Columbia’s, whale hunting to the Japanese fishing industry or for that matter the widespread use of bribery to the international arms trade.

Centrality is one issue. What is morally appropriate is another.

Must we give credence to these fellows who have made Faustian pacts with the devil.