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Over time, these debts became so great
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The Spider's Web: Britain's Second Empire

Over time, these debts became so great that they may never be repaid

Over time, these debts became so great that they may never be repaid

Full Transcript

00:00:01.000 --> 00:00:04.000
Over time, these debts became so great
00:00:04.000 --> 00:00:06.005
that they may never be repaid.
Duration
8 seconds
Views
13
Timestamp in Movie
00:33:42
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.
Secrecy jurisdictions were starving developing nations - The Spider's Web: Britain's Second Empire 00:08
Secrecy jurisdictions were starving developing nations
- For a long time, a lot of developing countries, - The Spider's Web: Britain's Second Empire 00:13
- For a long time, a lot of developing countries,
During the financing for development process - The Spider's Web: Britain's Second Empire 00:13
During the financing for development process
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