New York and London have long competed to be the global capital of global capital. With plenty of business to go around, the competition has usually been friendly; now, as the West’s financial industry shrinks, it could become fierce. London is already stumbling in this race, giving New York a golden opportunity to pull ahead. But instead, our politicians are sacrificing growth to higher taxes and bad regulations, just as London is.
Your Moral And Intellectual Superiors
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