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The Spider's Web: Britain's Second Empire

Today, as much as half of all global offshorewealth may be hidden in Britain's secrecy...

Today, as much as half of all global offshore
wealth may be hidden in Britain's secrecy jurisdictions

Full Transcript

00:00:01.000 --> 00:00:02.488
Today, as much as half
00:00:02.488 --> 00:00:05.276
of all global offshore wealth may be hidden
00:00:05.276 --> 00:00:08.193
in Britain's secrecy jurisdictions.
Duration
9 seconds
Views
15
Timestamp in Movie
00:32:18
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.
One of the losers is Africa, - The Spider's Web: Britain's Second Empire 00:10
One of the losers is Africa,
- I think it's no coincidence - The Spider's Web: Britain's Second Empire 00:12
- I think it's no coincidence
We tend to think of Africa as being a huge net debtor - The Spider's Web: Britain's Second Empire 00:15
We tend to think of Africa as being a huge net debtor
- [Narrator] The debt of Sub-Saharan African nations stood - The Spider's Web: Britain's Second Empire 00:07
- [Narrator] The debt of Sub-Saharan African nations stood
Yet the wealth these countries' elites had moved offshore - The Spider's Web: Britain's Second Empire 00:15
Yet the wealth these countries' elites had moved offsho...
Far from being a net debtor, Africa, Sub-Saharan Africa, - The Spider's Web: Britain's Second Empire 00:10
Far from being a net debtor, Africa, Sub-Saharan Africa,
- [Narrator] As capital moved offshore, - The Spider's Web: Britain's Second Empire 00:10
- [Narrator] As capital moved offshore,
Over time, these debts became so great - The Spider's Web: Britain's Second Empire 00:08
Over time, these debts became so great
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