Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
As we are discovering here in the US, no housing is affordable without a meaningful income stream.  All our frantic pumping of the real estate market finally ran head-on into decades of middle class job destruction, and down went all before it.  The living wage destruction policies implemented by Reichsmarschallin Maggie put the lie to her public reasons for Housing Act 1980.  It did not create an ownership society; it created an owned society, via a massive transfer of public property to the rentier class.
by rifek on Thu Jun 16th, 2011 at 07:07:19 PM EST

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Fri Jun 17th, 2011 at 01:36:21 AM EST
[ Parent ]


Occasional Series