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THE SOCIO-ENVIRO-ECONOMIC SYSTEM
SYSTEMIC DYSFUNCTION The Economist | Why oligarchs choose London for their dirty money Original article: https://www.youtube.com/watch?v=IcT-byRlKrY Burgess COMMENTARY Frankly, I am disgusted. I am disgusted at the way 'values' have degraded in the UK and around the Western world as well as being disgusted at myself for not having realized the extent of the deterioration of values that has been going on during my adult life. When I was training as an accountant with Copper Brothers & Co in the 1960s I was impressed by the ethical standards and the core principles of the accounting profession. Looking back with the benefit of hindsight there were one or two signals that there was one set of rules for the rich and powerful and another for everyone else. I came from a very solid middle class background. We had a reliable income, but were not 'rich'. My parents hoever were very committed to the value of education, and I was gifted with an education that was about as good as one could get in the UK at the time. I went to an old established (Blundell's ... founded 1604) boarding school when I was 13 and then to Camridge University where I studied engieering and economics. Later I signed up to get the Chartered Accountancy qualification as well. From a formal training standpoint, I was well trained. What I did not learn however, is that the same set of rules do not apply to everyone. I got some sense of this as I went through my formal education, but I did not incorporate it very well into my thinking early on in my career and indeed maybe not at all. When I was training at Coopers, I spent an 'old boy' weekend at Eton. I was invited to Eton to join the old-boy team that was going to play the school team at the Eton ball game ... a unique game that is only played at Eton. They were short of players and I had played schoolboy rugby at a high level so it was thought that I would be able to figure out the essentials. Another colleague from Blundell's (Chris Morcher) joined me. There were several Etonians involved with the Cooper's training, and they were very confused. They could not remember us being at school, but they were aware that we had spent the Etonian old boy weekend at Eton. For a while Chris and I were invited to all sorts of social events that had never happened before ... but after a while that faded!!!!! My generation of middle class university graduates enables a certain level of meritocracy to develop, and some of this has taken hold ... but not everywhere. A lot of people with competence have been co-opted into the service of those who have power and less than ideal values. This also goes for a lot of business and professional organizations as well as the political community. The idea of 'transparency and accountabilty' is a talking point but for all practical purposes does not exist in most of the modern world !!!!!!! This video should have been in play 30 years ago ... now it is way too late !!!!!!!!!!!!! Peter Burgess | ||
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Why oligarchs choose London for their dirty money
May 12, 2022 The Economist 2.45M subscribers ... 509,145 views Britain is one of the best places in the world to launder dirty money. Our new film tells you why—and asks whether that's likely to change.
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