Investment banking is another world. Nor are its denizens interested in creating wealth on the ground in Britain.
That\’s because The City of London is the home of the investment bankers to the world. You know, that international division and specialisation of labour thing?
To promote social mobility, we need to create a more dynamic capitalism so that more firms can grow together with their people. Alongside it, we need a social contract that equips people, especially our young, to make the most of their capabilities. Only then might the gap between the social groups be narrowed to allow more people to move up, and also create a society in which we live more fulfilled lives, surely a broader conception of social wellbeing than just mobility alone.
Err, yes. The City being one of those dynamic industries.