Keith
Keith Hudson, Saltford, England http://allisstatus.wordpress.com
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Wimbledon started the first tennis club in the whole world and is the
still greatest tennis venue, despite the fact that English tennis is
hardly worth speaking of. The City of London started the first
central bank in the whole world, the Bank of England, and is still
the greatest financial nexus, despite the fact that English banks and
institutions now comprise only a small fraction of the thousands of
foreign entities that have set up shop there. Wimbledon produces
significant export earning from temporary foreign tourists during the
Tournament. The City of London produces enormous export earnings all
the year round from tourists who spend their formative careers there
before returning home. Both Wimbledon and the City of London face
intense competitive pressures from several other cities around the
world which seek to take away their respective crowns. So long as
both venues keep their other facilities reasonably up to date, then
the Great and the Good of both activities who, more than anything
else in their lives, desire to keep their statuses constantly
burnished by being seen to be rubbing shoulders with other Great and
Good, will ensure that the basic adage of economics -- the Customer
is King -- still applies. Even if the Eurozone itself survives (which
is arguable), the nasty threats of President Sarkozy and other
Eurocrats to dethrone the City of London by means of taxing financial
transactions are as nought compared with what the customers will
decide as they allocate their time and their financial and status
activities as between London, Frankfurt, Paris, New York, Shanghai,
Hong Kong, Singapore, Dubai, Sao Paulo and any other cities whose
mayors fancy the top slot.
