London calling: continuity and change in the city as financial other
The failure of an important segment of the British banking system in 2007-09 has led to a crisis of legitimacy for the City and for a distinctively British brand of capitalism in which the financial sector is regarded as the pinnacle. This loss of legitimacy has led to some unusual events such as the Occupy the London Stock Exchange movement and the decision to strip Fred Goodwin of his knighthood. In order to understand recent events it is important to put them into historical context, and that is the purpose of our paper.
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