LONDON – What is the most private city in the world?

the guardian: What is the most private city in the world?
Gating, like all aspects of privatisation, is difficult to map.
By Anna Minton
March 26, 2015

“It may well be the case that democracy and capitalism, which at moments in their youth were allies, cannot live together once both have come of age.” So wrote the historian EH Tawney in 1938.

Tawney’s prescient quote could well apply to London today, where the “Boris Boom” is overseeing a version of extreme capitalism that is privatising vast swaths of the capital. Publicity so far has focused on the 250 planned skyscrapers, but at least as important is the fact that all this new development will be privately owned and privately controlled. Nine Elms in South London, for example, an enormous, 195-hectare private estate that will be home to the new ultra-high security American embassy, is typical of this new wave of privatisation. So is London’s Olympic Park, which is private in as much as all the new communities within it, such as the Olympic Village, are also privately owned.

But does this mean that London – boosted by the receipts of quantitative easing, a lax tax regime and foreign oligarch money – is becoming the most private city in the world? Read more:

Posted on March 26, 2015, in Uncategorized. Bookmark the permalink. Comments Off on LONDON – What is the most private city in the world?.

Comments are closed.

%d bloggers like this: