Treasure Island is an allegory to City of London. Read this excellent book when you have time. For those who do not have time. I will summarize.
This the dark heart of Britain, the place where democracy goes to die, immensely powerful, equally unaccountable. But British do not know how City of London works
Here is what City of London claims about its rights.
Guardian blew the lid on this scam in 2012. It was quickly voted down by the search engines. The article describes the voting done by the subjects of City of London.
From the Guardian article. It is basically a frat boy club of white people. These clubs are called livery companies.
United Kingdom is silent about lack of democracy within the City of London.
This square mile is the largest tax dodger of the world. Roughly 50 percent of financial transactions of the world get stamped here. This is the area where British tax law is dodged.
Clement Atlee, former British prime minister (the one who pushed for India Independence Act) said this about City of London.
"over and over again we have seen that there is in this country another power than that which has its seat at Westminster."
"The City has exploited this remarkable position to establish itself as a kind of offshore state, a secrecy jurisdiction which controls the network of tax havens housed in the UK's crown dependencies and overseas territories."
"This autonomous state within our borders is in a position to launder the ill-gotten cash of oligarchs, kleptocrats, gangsters and drug barons. "
If you've ever dithered over the question of whether the UK needs a written constitution, dither no longer. Imagine the clauses required to preserve the status of the Corporation. "The City of London will remain outside the authority of parliament.
Domestic and foreign banks will be permitted to vote as if they were human beings, and their votes will outnumber those cast by real people. Its elected officials will be chosen from people deemed acceptable by a group of medieval guilds …".
Then British talk about Merit and how they introduced merit in India. What a bunch of fake people!
I will update the thread . I am in the middle of important release and hence do not have time to provide additional info. But a good start will be this article. theguardian.com/commentisfree/…
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Fun fact:
Britain never claims they build rail roads in China.
Even though they built major lines like Beijing-Hankou, Tianjin-Shandong, and others.
Why?
🧵
Railways in China in 19th and early 20th century were mostly funded through foreign loans, often under exploitative terms.
Between 1890 and 1911, British lent over 200 million taels of silver (~$150–200 million USD then; ~$5–7 billion today) to build the Railway lines in China. Money came from India!
Chacha Nehr Builder always itched everywhere to contribute.
£100 million paid in 1948 was equivalent to ₹1,333,000,000 (₹133.3 crore) in Indian Rupees, using the exchange rate of 1 British Pound = ₹13.33 at that time.
For comparison India's total revenue receipt was ₹178.77 crore!
Nehru not only gave away Hindu rivers, but also gave money to Pakistan to build Nehr (to receive water).
Crowning glory: he signed an agreement using Persian names for the rivers.
More I dig in, more filth I find. I feel betrayed.
Whole India has this taught. IAS tests you on this fact. I aced history exams by learning this rote.