British Manufacturing

British Manufacturing
British Manufacturing

Monday, 4 October 2010

Children of the sun

Simon Head offers an illuminating critique of the evolution of English elite to take full advantage of the extraordinary phenomenon of London as the global financial powerhouse.
Societies will always have their elites, but in England in the final third of the twentieth century, it looked as if the elite was broadening and becoming more porous. Head shows how the elite evolved from being simply the aristocracy to include leaders of the professions and financiers. Many of the elite families survived the transition and reinvented themselves. The public schools and Oxbridge  all serve to perpetuate this evolving elite.
What emerges is a society much closer in division to eighteenth century England, with an elite holding the majority of the wealth served by the remainder.
The banking collapse might have been seen as an end to this; in the event the elite not only survived but gained yet more strength.

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