Labour’s populist NIMBYism gets the housing crisis wrong – CapX

It is an anti-capitalist, populist and illiberal party which specialises in tapping. The problem started because the transfer of labour from old industries – doomed in an age of rapid technological.

I had intended to write a piece this month demonstrating the deceit of the GDP growth figures and that in terms of output – rather than incomes – the British economy has scarcely grown at all under.

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I felt angry with the situation, I didn’t feel particularly angry with him as such, even though I thought he took a wrong decision. had made up his mind what he wanted to say – the crisis wasn’t.

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Meanwhile, a small group take the contrarian view that, actually, there is no housing crisis and, if there is, building more homes won’t solve it. The most notable is Ian Mulheirn of Capital Economics, who recently explained his thoughts in a CapX blog. He makes two good points and one that’s worthwhile, but ultimately irrelevant.

Housing remains the first-order challenge. The dream of owning a home is too distant for many. The quality of much existing housing provision, furthermore, is not worthy of residents in a self.

 · Labours policy is lacking substance. 3 years ago they were to be built for inxs of $450 k and when pushed the details did not match up given the plans that were presented. Now we hear that land is to be from existing land owned by state housing or to be acquired. So labour is to sell off state land that should IMO be used to build state houses.

Labour is taking a populist gamble to peel off votes from New Zealand First and National. Whether or not these voters will be put off by Labour’s socially liberal policies remains to be seen. If you subscribe to the belief that Labour doesn’t need more than 30 percent of the vote to govern, and could win through a three headed coalition with the Greens and New Zealand First, this logic still holds.

But this is not a protest from despairing communities left to moulder in abandoned zones of economic desolation. It is populism for the middle classes, serving the material and psychological needs of the relatively affluent and the well-heeled. Labour’s success in taking Kensington in west London will be remembered as a defining event.