{"id":5004,"date":"2013-02-20T16:29:54","date_gmt":"2013-02-20T15:29:54","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=5004"},"modified":"2013-02-20T17:04:28","modified_gmt":"2013-02-20T16:04:28","slug":"is-britain-putting-finance-back-in-its-place-as-a-service-industry","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/is-britain-putting-finance-back-in-its-place-as-a-service-industry\/","title":{"rendered":"Is Britain Putting Finance Back in Its Place as a Service Industry?"},"content":{"rendered":"<p>The English, interestingly, have been leading the way on this. Since the financial crash, the Bank of England has consistently been the main source of argument hostile to established financial interests, and made cogent cases for reducing by fiat both the size of banks and the pay of bankers. Most recently the newly elected archbishop of Canterbury, Justin Welby, penned an opinion piece for Bloomberg News, in which he pleaded that \u201cfinancial services must serve society, and not rule it. They must be integrated into the economy, not semidetached.\u201d And now we have a leading English novelist, and fair-minded soul, showing us the effects of the world we\u2019ve created, or allowed to be created for us. <i>Capital<\/i> may open as a story about money, but it ends as a story of the limits of money\u2014and with a bit of hope. In its closing line the former British investment banker has lost his job and is finally having a refreshing thought: \u201cAll he could find himself thinking was: I can change, I can change, I promise I can change change change.\u201d \u00a0<a href=\"http:\/\/www.nybooks.com\/articles\/archives\/2013\/mar\/07\/way-they-live-now\/?page=1\" target=\"_blank\">Article<\/a><\/p>\n<p><a href=\"http:\/\/www.w-t-w.org\/en\/is-britain-putting-finance-back-in-its-place-as-a-service-industry\/banker\/\" target=\"_blank\" rel=\"attachment wp-att-5005\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-5005\" alt=\"banker\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/02\/banker-300x244.jpg\" width=\"300\" height=\"244\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/02\/banker-300x244.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/02\/banker-367x300.jpg 367w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/02\/banker.jpg 769w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The English, interestingly, have been leading the way on this. Since the financial crash, the Bank of England has consistently been the main source of argument hostile to established financial interests, and made cogent cases for reducing by fiat both &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/is-britain-putting-finance-back-in-its-place-as-a-service-industry\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-5004","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"The English, interestingly, have been leading the way on this. 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