This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.theguardian.com/politics/2018/oct/14/what-lies-in-store-for-the-super-rich
The article has changed 3 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| What lies in store for the super-rich? | What lies in store for the super-rich? |
| (2 months later) | |
| I find very little to disagree with in Polly Toynbee’s article on foreign money in London (There is a far greater threat to super-rich than Labour, 9 October). However, the edifice of wealth is the result of globalisation and, before that, the development of industrial empires by European powers. The principal difference is one of ownership. A hundred years ago, the British super-rich invested in vast estates, where they withdrew to breathe clean air. The European edifice collapsed under the weight of imperial competition. | I find very little to disagree with in Polly Toynbee’s article on foreign money in London (There is a far greater threat to super-rich than Labour, 9 October). However, the edifice of wealth is the result of globalisation and, before that, the development of industrial empires by European powers. The principal difference is one of ownership. A hundred years ago, the British super-rich invested in vast estates, where they withdrew to breathe clean air. The European edifice collapsed under the weight of imperial competition. |
| Today, countries escaping from imperialism are reasserting themselves, taking control of their own lands. It will be a passing phase. Globalisation has destabilised the world economy and is exhausting resources. Population growth or global warming will, soon enough, put an end to the current period human excess. As the Romans long ago discovered, when a society gets self-indulgent with the world’s resources, it means no one is conserving those resources. Martin LondonHenllan, Denbighshire | Today, countries escaping from imperialism are reasserting themselves, taking control of their own lands. It will be a passing phase. Globalisation has destabilised the world economy and is exhausting resources. Population growth or global warming will, soon enough, put an end to the current period human excess. As the Romans long ago discovered, when a society gets self-indulgent with the world’s resources, it means no one is conserving those resources. Martin LondonHenllan, Denbighshire |
| • Polly Toynbee quotes my comment to an FT journalist that “Most (very rich) people are far more concerned about Corbyn than Brexit” ; I should clarify what lay behind this: | • Polly Toynbee quotes my comment to an FT journalist that “Most (very rich) people are far more concerned about Corbyn than Brexit” ; I should clarify what lay behind this: |
| 1) Many rich and successful entrepreneurs are in favour of Brexit and thus do not see it as a concern. | 1) Many rich and successful entrepreneurs are in favour of Brexit and thus do not see it as a concern. |
| 2) The concern about Corbyn goes much further than the threat of higher taxes – it is the prospect of an anti-business government potentially taking us back to the 1970s and wrecking the economy, so that the UK no longer offers the best environment for their business and investment activities. | 2) The concern about Corbyn goes much further than the threat of higher taxes – it is the prospect of an anti-business government potentially taking us back to the 1970s and wrecking the economy, so that the UK no longer offers the best environment for their business and investment activities. |
| 3) While there are other aspects of British society that they value and would be loath to leave behind, some fear that these attributes will also be put at risk by a very leftwing government, perhaps with unpleasant authoritarian tendencies (evidenced by the widespread reports of bullying in the Labour party). | 3) While there are other aspects of British society that they value and would be loath to leave behind, some fear that these attributes will also be put at risk by a very leftwing government, perhaps with unpleasant authoritarian tendencies (evidenced by the widespread reports of bullying in the Labour party). |
| 4) Many of these views are not confined to the rich – they are widely shared, not least by a large number of Labour MPs. | 4) Many of these views are not confined to the rich – they are widely shared, not least by a large number of Labour MPs. |
| It is natural and proper that businesspeople and investors should take account of these factors in weighing up the risks that influence their plans for future. Polly Toynbee may disagree with their views, but her arguments would be more credible if she set out all the facts in a more balanced way.Michael MaslinskiLondon | It is natural and proper that businesspeople and investors should take account of these factors in weighing up the risks that influence their plans for future. Polly Toynbee may disagree with their views, but her arguments would be more credible if she set out all the facts in a more balanced way.Michael MaslinskiLondon |
| • Join the debate – email guardian.letters@theguardian.com | • Join the debate – email guardian.letters@theguardian.com |
| • Read more Guardian letters – click here to visit gu.com/letters | • Read more Guardian letters – click here to visit gu.com/letters |
| • Do you have a photo you’d like to share with Guardian readers? Click here to upload it and we’ll publish the best submissions in the letters spread of our print edition | • Do you have a photo you’d like to share with Guardian readers? Click here to upload it and we’ll publish the best submissions in the letters spread of our print edition |
| Brexit | Brexit |
| Labour | Labour |
| Globalisation | Globalisation |
| Article 50 | Article 50 |
| European Union | European Union |
| Foreign policy | Foreign policy |
| Jeremy Corbyn | Jeremy Corbyn |
| letters | letters |
| Share on Facebook | Share on Facebook |
| Share on Twitter | Share on Twitter |
| Share via Email | Share via Email |
| Share on LinkedIn | Share on LinkedIn |
| Share on Pinterest | Share on Pinterest |
| Share on WhatsApp | Share on WhatsApp |
| Share on Messenger | Share on Messenger |
| Reuse this content | Reuse this content |