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Philby1

Economist Millennial Socialism

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1 hour ago, PeanutButter said:

Expropriate eh? Like farms in Zimbabwe?

In a word "no". 

In three words "nothing like that". Or "stop being hyperbolic". 

In more words: 

I'm old and I remember railways and all sorts of things getting built by the state both post-WW2 and throughout the 60s.

There are loads of Parliamentary Acts and Laws already in place to deal with compulsory purchases of land in the UK. They've been watered down, but originally they did their job. Stopped landbanking. Stopped people standing in the way of developments with "ransom strips" etc.

This might help. A cursory glance suggests it's a fairly decent overview. 

https://en.m.wikipedia.org/wiki/Compulsory_purchase_in_England_and_Wales

(I'm not saying the UK hasn't had its Zimbabwe moments btw. Mainly in the previous centuries when landowners and royalty pinched a fair bit of publicly owned land. Actually, the British South Africa Company sort of originally pinched Zimbabwe in the first place didn't it?) 

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37 minutes ago, byron78 said:

In a word "no". 

In three words "nothing like that". Or "stop being hyperbolic". 

In more words: 

I'm old and I remember railways and all sorts of things getting built by the state both post-WW2 and throughout the 60s.

There are loads of Parliamentary Acts and Laws already in place to deal with compulsory purchases of land in the UK. They've been watered down, but originally they did their job. Stopped landbanking. Stopped people standing in the way of developments with "ransom strips" etc.

This might help. A cursory glance suggests it's a fairly decent overview. 

https://en.m.wikipedia.org/wiki/Compulsory_purchase_in_England_and_Wales

(I'm not saying the UK hasn't had its Zimbabwe moments btw. Mainly in the previous centuries when landowners and royalty pinched a fair bit of publicly owned land. Actually, the British South Africa Company sort of originally pinched Zimbabwe in the first place didn't it?) 

They were talking very quickly but the interviewer repeatedly seemed (I may have misconstrued his idea) to suggest that landlords should have their properties expropriated. I grasp that countries grab land for national projects but to suggest a rebalancing of power by taking housing is a disturbingly authoritarian concept. Colonialism aside, the threat of force from the government to citizens is half the reason Americans won't stop hoarding guns. 

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56 minutes ago, PeanutButter said:

They were talking very quickly but the interviewer repeatedly seemed (I may have misconstrued his idea) to suggest that landlords should have their properties expropriated. I grasp that countries grab land for national projects but to suggest a rebalancing of power by taking housing is a disturbingly authoritarian concept. Colonialism aside, the threat of force from the government to citizens is half the reason Americans won't stop hoarding guns. 

Expropriated (in the UK at least) DOESN'T mean something gets taken without recompense. 

They'd get market rate. 

Won't happen anyway will it? It's so inflated here now it'd be simpler and easier to just build more houses. 

Edited by byron78

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5 hours ago, byron78 said:

Expropriated (in the UK at least) DOESN'T mean something gets taken without recompense. 

They'd get market rate. 

Won't happen anyway will it? It's so inflated here now it'd be simpler and easier to just build more houses. 

“Market rate” is what?

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I think there was quite a few ideas being talked about and I personally didn't pick up that the discussion was all about property being expropriated. What I think is interesting is that the Economist (the writer must have seeked out the ok before going on) are engaging in what are perceived radical debate/ideas to solve the housing problem and this is interesting in itself. 

The economist writers idea of what rent seeking is, is so out of kilter with what most people's understanding was also interesting. 

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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