A leader writer in The Economist speaks up for the City of London, usiing a truly bizarre analogy. I love the concise put-down in the comments:
'Strangely, California doesn’t talk down Silicon Valley.'The article could have been improved by using a more precise analogy:
That is because Silicon Valley produces tangible, useful things (in addition to less useful things such as Facebook). Financiers produce nothing and enrich themselves by skimming from other people’s transactions.
Strangely, Nevada doesn’t talk down Las Vegas.via
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