Karl and DaveD you have it in one! New labour reperesneted a shift from legal rartional authority to charismatic authority. And in truth were just (initialy) an extension of the Conservative government they replaced. They used artificialy inflated house prices to bolster a failing economy until the economic cycle was complete and the property values had to stand up in the 'real world' not just on paper and it all went 'tits up'.
The real 'austerity' move we need here is to give people backa decent return on their savings and investments and to slash property prices - but obviously that is easier said than done and we area ll in for grsdualy shirnking property prices combined with massive inflation (in real terms) to close the gap 'relatively' unitl the averags couple on the average wage can once again afford the average house.
But i'm just a Social Scientist with 9 years of Uni and many years relavent experience in the field of Social Policy, so I know form experience most people would rather listen to the bloke down the pub
23-12-2010, 00:05
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