Peter Mandelson Sold Off Britain to the Super-Rich. He’s Not the Only One

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• mjr@infosec.pub ⁨2⁩ ⁨weeks⁩ ago

  Through lobbying firm Global Counsel, Mandelson sold what really matters in modern Britain – access. Global Counsel’s client list reads like a directory of corporate power: JP Morgan, Accenture, Palantir, Shell, Nestlé, Anglo American.

  And the government will be reassessing those companies’ contracts Real Soon Now.

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  • tetris11@feddit.uk ⁨1⁩ ⁨week⁩ ago

    If you go to London Bridge, all the Oyster card machines now advertise Chase Bank super hard. No idea where that deal was struck from

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    • mjr@infosec.pub ⁨1⁩ ⁨week⁩ ago

      The deal is probably described in some media response from Network Rail or Transport for London. Global Counsel won’t be mentioned. I guess Chase Bank is part of JP Morgan still.

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• bennieandthez@lemmygrad.ml ⁨1⁩ ⁨week⁩ ago

  In Britain, enrichment became the end in itself. Industry hollowed out. Finance swelled. The state stopped building and started selling.

  In case you didn’t know, Lenin’s Imperialism, the highest stage of capitalism is an early study of this phenom. By studying the growth of savings banks in Europe and it’s inherent tendency to consolidate, Lenin developed the theory that financial capital will inevitably gobble up industrial capital because banks end up having access to the money supply of everyone, from workers to capitalists.

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