Those who will not speak ill of globalisation should hold their peace on the subject or gentrification

Those who will not speak ill of globalisation should hold their peace on the subject or gentrification. At the heart of the long term housing crisis is London’s two speed economy. As the expanding, globally competitive part of drives up rents and prices, wages stagnate in the other part. London is now full of businesses who’s prosperity is not particularly indexed to the prosperity of those around them. Those enterprises which are engaged primarily with the global market place can continue to sell sell sell regardless of the purchasing power of those around them. The crisis of affordability is the crisis of an economy deformed by its uneven engagement with the global market place. Deglobalization now.

Leave a Reply

Your email address will not be published. Required fields are marked *