When discussing English slave trading the Royal Africa Company and the East India Company are key reference points and both have deep roots in the City of London. Many of the individuals implicated in the black holocaust through their involvement in these two slave trading entities also played key roles in local government in the City of London including as lord mayors, sheriffs and members of livery companies. Some of these slave traders are still memorialised in the City of London. Memorials tend to erase the complexities of history through simple celebration, which is why their removal from public spaces generally enhances historical understanding. That said, the undemocratic and still in many ways feudal local government machinery of the City of London is also in its contemporary form a product of the slave trade and it is more important that this is dismantled than that statues are removed and streets get renamed. It would, however, be ideal if both the governance of the City was democratically reformed and its problematic memorials removed.Read more "The City of London & The Slave Trade Part 1"
The utter banality and blandness of the City of London’s corporate Culture Mile project continues with Around The Corner a series of 12 ‘installations’ (11 words & a question mark) between Millennium Bridge and Barbican Station that function as metaphorical piles of poo dropped into this part of the City from a great height. These atomised words spread out along a few streets make up the sentence: “What are you going to meet if you turn this corner?” pointlessly lifted from Virginia Woolf’s 1922 novel Jacob’s Room.Read more "Culture Mile Vanity Project Drives City Residents Around The Bend"
Bank of England governor Mark Carney has pulled out of a dinner in the Square Mile designed to foster relations between London and China. The City of London Corporation is holding the event at The Guildhall on 3 September. It will be attended by China’s ambassador to the UK, Liu Xiaoming, the Corporation’s policy chief Catherine McGuinness and lord mayor Peter Estlin. Carney says he pulled out due to a diary clash rather than in support of pro-democracy protestors in Hong Kong. The US vice president and notorious bigot Mike Pence will speak at a black tie dinner, hosted by the City of London Corporation, at The Guildhall on 5 September. The City of London Lie Machine pumps out propaganda claiming the Corporation supports LGBT rights but its actions speak louder than its words….Read more "City of London Rolls Out The Red Carpet For Reactionaries As Liu Xiaoming & Mike Pence Are Feted At The Guildhall"
“Democracy is not enough. We need to hold corporations to account,” says Billy Bragg. While democracy may or may not be enough, contra Bragg, in the City of London –where the Bank of England is located and Bragg is set to deliver a speech on accountability – democracy would make a huge difference not just to the residents of this rotten borough, but the entire world. It isn’t clear whether Bragg doesn’t know or doesn’t care that the 80% of City of London councillors are ‘elected’ on undemocratic business votes and that local residents have virtually no say in the running of the area. Bragg implies we already have democracy when we don’t. It’s also significant that the rotten borough Bragg’s being feted in is the power base from which the finance industry plots its course of state capture and tax havenry around the world. Establishing democracy in the City of London by – among other things – abolishing the business vote, would do much to curb the unchecked power of the wealthy elite’s financial lobby.Read more "Bank Of England & Billy Bragg, A Marriage Made In Heaven?"
Given that the City of London is the control centre of Britain’s ultra-exploitative off-shore banking business, it isn’t surprising to see it coming under fire for sexual harassment in the wake of the Presidents Club scandal. This was a ‘charity’ dinner at which an undercover reporter from the Financial Times recorded business ‘leaders’ groping and abusing the women serving them. For the City of London everything is a commodity to be bought and sold, and once this is understood the degrading way in which its ‘elite’ treat people can be better understood as a problem that includes the worst kinds of sexism but that runs even deeper and broader than that.Read more "Presidents Club Scandal Puts Spotlight On City of London’s Culture of Rape, Pillage & Plunder"