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During the financing for development process
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The Spider's Web: Britain's Second Empire

During the financingfor development process in Addis Ababa last year, I think it was the...

During the financing
for development process in Addis Ababa last year, I think it was the UK and the
US that blocked attempts again to set up this world tax organization

Full Transcript

00:00:01.000 --> 00:00:03.237
During the financing for development process
00:00:03.237 --> 00:00:05.808
in Addis Ababa last year,
00:00:05.808 --> 00:00:09.457
I think it was the UK and the US that blocked attempts again
00:00:09.457 --> 00:00:12.485
to set up this world tax organization.
Duration
13 seconds
Views
17
Timestamp in Movie
00:34:09
Uploaded
Oct 30, 2025
Genres
documentary
Production
N/A

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Movie Summary

How Britain transformed from an imperial power to a financial power.
So why would they not want - The Spider's Web: Britain's Second Empire 00:14
So why would they not want
As long as we have cross-border activity - The Spider's Web: Britain's Second Empire 00:12
As long as we have cross-border activity
- [Narrator] Western nations block attempts - The Spider's Web: Britain's Second Empire 00:20
- [Narrator] Western nations block attempts
- The oil from Gabon has not benefited people in Gabon. - The Spider's Web: Britain's Second Empire 00:07
- The oil from Gabon has not benefited people in Gabon.
And this is true for the copper in Zambia, for the gold - The Spider's Web: Britain's Second Empire 00:10
And this is true for the copper in Zambia, for the gold
They have benefited, the company that do extract it, - The Spider's Web: Britain's Second Empire 00:09
They have benefited, the company that do extract it,
It has benefited the corrupt elite in the country. - The Spider's Web: Britain's Second Empire 00:05
It has benefited the corrupt elite in the country.
In developing countries, the offshore system - The Spider's Web: Britain's Second Empire 00:11
In developing countries, the offshore system
It has enabled them to steal the money - The Spider's Web: Britain's Second Empire 00:06
It has enabled them to steal the money
- Illicit financial flows, because the anonymity - The Spider's Web: Britain's Second Empire 00:12
- Illicit financial flows, because the anonymity
This is why there's a group of countries - The Spider's Web: Britain's Second Empire 00:08
This is why there's a group of countries
It's that the incentives of individuals - The Spider's Web: Britain's Second Empire 00:20
It's that the incentives of individuals
- [Narrator] Worldwide, developing countries lose - The Spider's Web: Britain's Second Empire 00:09
- [Narrator] Worldwide, developing countries lose
Most of this wealth flows into large western nations, - The Spider's Web: Britain's Second Empire 00:15
Most of this wealth flows into large western nations,
But illicit flows into western nations - The Spider's Web: Britain's Second Empire 00:08
But illicit flows into western nations
The economies of the United States - The Spider's Web: Britain's Second Empire 00:07
The economies of the United States
The origins of this financialization - The Spider's Web: Britain's Second Empire 00:08
The origins of this financialization
- [Reporter] Anti-war demonstrators protest US involvement - The Spider's Web: Britain's Second Empire 00:09
- [Reporter] Anti-war demonstrators protest US involvement
President Johnson meanwhile let it be known - The Spider's Web: Britain's Second Empire 00:09
President Johnson meanwhile let it be known
- [Narrator] In the 1960s, US economist, Michael Hudson, - The Spider's Web: Britain's Second Empire 00:11
- [Narrator] In the 1960s, US economist, Michael Hudson,