Well worth watching, although it will not provide you with any cheer:
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Excellent as per usual.
In affordable housing, we are seeing private developers falling over themselves to sell us s.106 properties @ 52% open market value because private sales are dropping precipitously because of higher interest rates in the mortgage ‘industry’.
The private developers are cutting manpower on sites and slowing down production, jobs are being lost. This means that when the council builds out our sites, we may get better VFM because of competition with contractors now with less work in the sector. Housing Associations are also dropping out of these sales and even selling their land with planning permission because they cannot afford to develop it to people who will just bank it and that will not help the supposed housing crises will it? And keep house prices higher?
But really, none of this is fair on anyone is it?
I mean, it’s feudal landlordism on a grand scale isn’t it? Right?
Policy is punitive and as Jon says above means that the rich are in charge of political and economic decision making now. There can be no pretence as to this being anything other than a deliberately induced recession.
One wonders why we put up with this.
Basically we are being hurt by those who govern us with the consent or drive of those who are richer than us. True – they are not using execution squads or gulags. But they might as well.
My view on this is that we have a right to self-defence on this issue. We don’t have to take this at all. We don’t have to take living in deliberately created economic conditions that are harmful to health and well-being and to our futures – individually or collectively.
My view is that morally, government which is merely an avatar for vested interests has lost the right to govern. They have earned the right to be deposed, and if not, well on the way to this at least.
Maybe Starmer’s Labour will be the last gasp of this totally cruel and abusive system of rule that can only be called ‘un-democracy’.
He’s great, always right on the money.
But for the bigger picture, this 6 part series on Yanis Varoufakis is very good, but not free.
Great insights into the high politics of the EU (see also his book “Adults in Room”), and on the long term effects of austerity, which he believes is driving us towards fascism.
This is very well produced. Could have been just a boring talking head, but it’s a visual feast as well.
“IN THE EYE OF THE STORM: THE POLITICAL ODYSSEY OF YANIS VAROUFAKIS”
https://www.eyeofthestorm.info/
Very good, as usual. But whose fault is it? The Government will say it’s all down to the Old Lady, as their independence is ‘absolute’, while the BoE will say they were simply following the remit which required them to fight inflation at all times. Their futile attempt to do this created a record rise in inflation of 40% for one important category with a significant weighting: mortgage interest payments. Ah, those dullards might say, we don’t have to worry about that as it’s not in the CPI. They are right. But it is in the RPI which is used by many service providers to impose price increases on their contracts causing further inflation. The Government remit is ridiculously puerile but so too has the Bank’s use of interest rate rises. Either they are both utterly incompetent – or there’s a hidden agent.