-level, and a third of all Oxbridge places. It is also over-represented in elite sports , acting and—how John Lennon must be spinning in his grave—popular music. Fees at public schools are so high—a year at Eton now costs almost £50,000 —that they have become playgrounds for the offspring of global plutocrats and oligarchs.
One great beneficiary of Thatcher’s reforms was the City of London, shaken from its claret-induced slumbers by global competition. But as the tyros of the Big Bang became lords and ladies of the Establishment, it nodded off again. The London Stock Exchange increasingly looks like a care home for old-economy companies, rather than a cradle for new-economy ones. Less than 2% of the500’s.
That would just be a gang of cronies indulging in group think.
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