So, why can’t we….

We are going into recession. We have banks who are reluctant to lend. We have housebuilders stopping work all over the country. We have thousands of people (25,000 in West Sussex alone) on local authority housing lists. We have houses that are falling in value but people still can’t afford to buy them.

So, how about a bit of actual socialism? Or, Keynesian economics anyway…

Let’s start building public housing again. Let’s use public money to buy out empty houses and half-finished building sites so that they can be worked on and rented out. It creates jobs, it makes housing more affordable and it could help spur activity in the wider economy.

If we can bail out banks for half a trillion quid, and reduce interest rates by a third at a stroke, can’t the government allow and push local authorities into this?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: