Max Hastings in The Guardian:
"Incomprehension makes us the City's prisoners. We know what vacuum cleaner manufacturers do, and waiters and lawyers and doctors and even ministers. We are told that the activities of the City of London now account for a frighteningly large proportion of national economic activity. But as to what those activities are, who can tell? I have met lots of investment bankers, hedge fund managers, currency dealers. But I would struggle to describe on one side of a sheet of paper how they spend their days, beyond peering at screens. I bet you would, too. Financial management is the new witchcraft, an art that makes many of its practitioners absurdly rich, commands the grudging respect of millions, but relies upon skills and secrets that remain opaque to all outside the Magic Circle."
Now read on.
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