Great Britain represents a world country that has been taking the lead financially, as the GBP represents a currency with a value that is among the highest in the world. With regards to the cost of living, Britain represents the second most expensive nation in Europe, with the first one being Switzerland. Normally, Britain would be around the equivalent of the United States of America and Australia with regards to financial demand and cost of living, but since the financial crisis has started, financial demand and the average cost of living have exceeded the values in the U.S. and Australia. Moreover, London has now become more expensive than New York City and is around as expensive as Tokyo, if we have a look at the ratio between the overall quality of life and financial demand. But why is it that London has become visibly more expensive than the “concrete jungle where dreams are made of”, despite the availability of free healthcare? Is it just because Great Britain has been a Monarchy, or is there more to it?

Not many people may have heard about the Corporation of City of London, and how it represented an equivalent to the Second Kingdom of Great Britain. The City of London is located in the East side of Zone 1 and areas include Liverpool Street, Bank, London Bridge, Farringdon, Barbican and Blackfriars. Interestingly, the Bank of England is located at the heart of the City of London. It is interesting to know that the underground station of Bank that is located on the DLR line is very likely at the deepest level of London’s underground that is accessible by the general public. This may or may not be a mere coincidence and it is important to know that, sometimes, it has been said that he who controls the underground controls the world.

Given the powerful financial position of the corporation in the British Isles, Europe and even the rest of the world, the corporation can be deemed as the financial capital of the world. Likewise, given that much competition breeds even more competition, the levels of financial demand around the City of London are at a record high, and this phenomenon represents a domino effect that is affecting the regular free market of London and its surroundings. This highlights the fact that being outstandingly rich is not a virtue, but rather like being a drug addict, because there will always be the urge to obtain some more. Except the drug in this case is the same resource that we all need a little bit to afford our necessities. It is interesting to know that important members of powerful families, like Rockefeller and Rothschild, performed much of their influencing activity in the City of London. The rich have become richer and richer at the expense of the hard-working tax payer, and there is another area of the financial market that deserves thorough discussion; housing.

Landlords play a central role in maintaining the integrity of the housing market, and they have the unlimited freedom to establish a price for people to rent their land for a given amount of time. This usually comes with a deposit charge, especially in the British Isles, and in London, landlords often require tenants to either send a payment worth of three-month rent as well prior to moving in, or to show evidence of their employment state. Nevertheless, one must ask the question, why do landlords seem to demanding with regards to charging prices for regular people? Given the complete lack of regulation in the name of financial freedom and free market, it is possible that many landlords are actually taking advantage of their positions and charging people outstanding amounts of money without actually performing professional work. Likewise, tenants have ended up indirectly working for their landlords and overall, important parts of the fundamental human right to live have been capitalised beyond the point of breaching the limits of democracy and common sense, given that such a practice became uncomfortably common. No, opposing such a trend is not the same as opposing free market, just as believing that charging someone £10 for a normal piece of bread is unlawful is not the same as having communistic political orientations. I simply believe that abusive landlords should be held accountable in front of the law as much as abusive members of the public do.

The financial market in the British Isles and in Greater London Authority (GLA) is actually centered around the financial trends and demands displayed in the City of London, and the world financial market is also significantly influenced by the City of London, just as in New York City and the rest of the United States of America, the financial market is significantly dependent on Wall Street. And it is always the richest areas that are located in the centre of attention, which automatically puts them on top of the pyramid of financial influence and power. In other words, we are witnessing a modern-day tribalism which excludes people who are not as rich. And this highlights the fact that, the more powerful and richer a world-leading state is, the higher the discrepancies between the societal classes are, and automatically, the more homeless people are, but this is only applicable for a value above a certain threshold level of outstanding extents of power. Likewise, we can instead say, the higher the discrepancy of financial influence and power is between world nations, the higher the levels of poverty will be, not just in third-world countries, but in world-leading countries as well. Too much financial lack of regulation leads to a significant lack of financial freedom in the general population, so what are the methods one ought to use to prevent an unhealthy regulation of the market?

There is a documentary called “The Spider’s Web: Britain’s Second Empire, which is now available on youtube and we recommend people to watch it and inform themselves more with regards to the real power of the corporation of the City of London; https://m.youtube.com/watch?v=np_ylvc8Zj8

Source of the featured image: https://en.wikipedia.org/wiki/City_of_London_Corporation#/media/File:Coats_of_arms_of_the_City_of_London_Corporation,_London,_England,_IMG_5208_edit.jpg