The UK has over two thousand billionaires and two million millionaires.
Some actually work, possibly getting a huge salary and perks for running large organisations. While some have their wealth tied up in the property they live in, hundreds of thousands live off the rents and profits extracted from the rest of the population, many of the latter living in dire poverty as a result.
These are proposals I have made with suggestions from Paul Forrest. It is essential we can develop a clear Alternative Economic Strategy (AES) which can point to the direction the UK needs to take to reconstruct its collapsing economy. All suggestions, no matter how minor, are welcome.
Aim: To raise awareness about the housing crisis and to propose some solutions both at national and local level.
The housing crisis has become much worse in the last 40 years: the years of Thatcher, Blair and the present 12 years of Tory office. Millions have been priced out of buying a home as wages remain stagnant and house prices rocket.
A programme for regeneration: A practical look at the UK economy for the concerned citizen – Part One
The Western world is faced with an oncoming financial melt-down. The only real argument amongst financiers and governments is whether it will be deflationary or inflationary and it looks like the latter.
There is little or no discussion about re-building the real economy where wealth is created. Most discussion is between financiers fighting over creamed off wealth and fought over by the finance sector.
Inflation is a deeply political subject. For instance, the UK media tried to blame UK inflation at that time on wage increases rather than the underlying cause. Wage increases never caught up with inflation. Despite inflation over the last 12 years wages have remained largely static.