Brothers Old and New
While Lord Mandelson criticizes Ed Milliband and Lord Kinnock defends him, Ed Balls talks about houses finally. Socialism was a dirty word for New Labour as they strove to gather votes from the affluent middle classes, and they succeeded in making the middle classes even more affluent. Ed Balls says that New Labour ignored housing, but the truth is that by not building housing they managed to create a massive amount of wealth for those lucky enough to own property. Not building social housing fed a text book case of supply and demand. As the supply shrunk and demand increased with natural population growth, immigration and foreign investment the working class became wealthy and the middle class wealthier. Some were lucky, sold up, and found a place in the sun. The unlucky, because of age and circumstances, are now either stuck in negative equity (while the previous owner enjoys their home in the sun), are living with mum and dad, or squashed into a too small situation - like camper vans, sharing with others well beyond the sell by date for such an arrangement. In my rented two up two down with a drunken neighbour that I can hear snore, I am disgusted with the lot of them. I am surprised that the middle classes turned on Labour who made them wealthy and even bailed out the banks to save the economy ( and their shares). They then had the nerve to criticize them for the deficit that resulted. It displays an incredible lack of critical thinking skills. This is one thing that I do blame Labour for: the national curriculum and league tables. They have produced the type of unthinking drones which believe in media hype that only serves an international banking system that doesn’t really care if poor kids get fat because their parents can’t take them for a free swim.
Comments are closed!