I'm with Monkeytrousers that the City is venal. Did try quite hard to point out that competition drives people to make "fairer" decisions on employment, not any notion of morality.
My observation is that bigotry is not typically based upon the notion that group-X is inferior but an attempt to rig the game so that weaker people with political power can prosper. South Africa was a classic example, where degenerate whites were paid more than more useful blacks, and jobs were reserved for the poor little dears.
If you talk to people who are against immigration to Britain, they do not speak of a country with weaker people in it, but their fears of their jobs being taken away from them.
This is not confined to working class types, I hear this from professionals as well.
A common feeling amongst many who would style themselves of the "left" or "right" is that people sohuld stay in the groups into which they were born, be that geographically or culturally.
Kath1972 raises a valid point about my own experience as a white bloke in the City. I can't say she is completely wrong. My view is that the jobs I've had allow me to see how different types of people are treated in different places. To an extent, and I'm being careful not to use circular logic here, the groups that do not succeed also have problems getting an overall view.
If you don't get a particular job, then it's hard for you to know why you didn't, and even harder to judge how that employer treats others.
Thus any personal view is at least partly skewed.
I do know for a fact that senior people at banks have told me personally how little they care about race & sex as opposed to competence, and that failure to deliver good, as opposed to white male people will cost me money personally.
These are not always politically correct individuals, but they see themselves implicitly or explictly the opposite of a white S.African. They take personal pride in having beat others in a "fair" fight. "Fair" being defined as including trickery but not their race/sex.
In a spirit of full disclosure we have noticed a deep demographic gap between people with qualifications to enter investment banks for good jobs, and the gender of people working in these roles.
Very roughly, there are twice as many women studying finance in London as we observe working in it.
It's tempting to call this sexism, and as yet I can't disprove that assertion.
But when we look at people applying for postgrad entry level finance jobs the ratio of women is actually lower than for those already working.
I don't understand this at all, given that the obvious mechanisms, including sexism don't predict this at all.