Abstract
The crowd still flows over London Bridge and down King William Street to the corner of Lombard Street where St Mary Woolnoth stands. Were Eliot to stand on the steps of the Royal Exchange in August 2014, the vista would not be that different from a century earlier, and even though the horse-drawn omnibus has been replaced by the Routemaster double-decker, the traffic would not move much more quickly. The great poet, a fearful snob, would be thankful not to be able to see from his standpoint the former NatWest Tower, the Gherkin, the Shard or any of the other vulgar expressions of the City’s self-confidence, but he might notice in front of the statue of the duke of Wellington at the foot of the Royal Exchange’s steps the war memorial to those who died in the Great War. The only obvious sign that 100 years has come and gone is the postmodern building plonked at the end of Cheapside by the architect Sir James Stirling after a planning battle in the 1980s. Not a patch on Nicholas Hawksmoor’s St Mary Woolnoth, Eliot might well think.
We were young, good looking and stupid. Now we’re just stupid.
Mick Jagger, speaking at the Cannes Film Festival, 19 May 2010
The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn’t deliver the goods. In short, we dislike it, and we are beginning to despise it.
John Maynard Keynes, National Self-Sufficiency, 1933
Unreal City,
Under the brown fog of a winter dawn,
A crowd flowed over London Bridge, so many,
I had not thought death had undone so many.
Sighs, short and infrequent, were exhaled,
And each man fixed his eyes before his feet.
Flowed up the hill and down King William Street,
To where Saint Mary Woolnoth kept the hours
With a dead sound on the final stroke of nine.
T. S. Eliot, The Waste Land, 1922
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Notes
Andrew Gamble, Economic Futures, British Academy, 2011.
Tim Morgan, Thinking the Unthinkable, Tullett Prebon, 2011.
John Cridland, ‘Future champions: unlocking growth in the UK’s medium-sized businesses’, CBI report, October 2011.
Chris Benjamin, The Lost Origins of Industrial Growth, Institute for Public Policy Research, 2011.
Adair Turner, Prospect, August 2009.
Tax Justice Network, Tackle Tax Havens, www.tackletaxhavens.com (accessed 20 April 2012).
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© 2012 Larry Elliott and Dan Atkinson
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Elliott, L., Atkinson, D. (2012). June 2014 in Lagos-on-Thames. In: Going South. Palgrave Macmillan, London. https://doi.org/10.1007/978-0-230-39255-7_3
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