Thursday, Feb 19, 2015

Where you once saw Sloane, you now see Slav

Telegraph: Sloane Rangers are 'heading for extinction'

Even posh people are priced out. Did anyone notice that our houses are bought by people from the very same countries that are causing us problems politically and economically? Russia the big obvious one.
So, beware, the pitchforks are coming. Unless this stops. And we must make sure it stops.

Posted by sneaker @ 10:27 PM (6926 views)
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5 Comments

1. libertas said...

London is now THE capital of Europe, in terms of private finance and industry.

It is the largest country in terms of population, and projects like Crossrail, Thameslink, London Overground's continual expansion, etc. cement that. The final production of a new runway will boost it.

But this is driven in part not by our actions, but by the idiocy of EU policy, that we are somewhat apart from. Long term fear over the stability of the Eurozone drives capital to London, just as instability in Russia also sends people to Europe, which sends people to London. Thing is, that choosing to not invest in infrastructure is not an option, and having Brussels listen to our calls for reform doesn't work.

So it seems that all we can do is build capacity to deal with this, but frankly, London has plenty of land to develop, and plenty of down and out places not yet recovered from the 1930's and 1970's depressions, and with London only just breaching the previous official population high in 1939, I think we must accept that it has a long way to go.

Pitchforks? Hmm, not likely with inflation low and wages / employment rising. Yes, if inflation returned along with unemployment, possibly, but not likely at this stage. Following the Tottenham riots, government have been careful to focus regeneration monies and infrastructure into these places. Crossrail 1 deals with depressed parts of Redbridge and Havering and Crossrail 2 plus the new London Overground line via Seven Sisters will help Tottenham and Edmonton.

Riots are likely in the depressed outer Boroughs and possibly some northern towns, not booming central London. Frankly, Paris is the place that should most worry.

Thursday, February 19, 2015 10:47PM Report Comment
 

2. britishblue said...

Lib@! All things go in cycles. You should read some of Martin Armstrong's blogs including his one today. People forget that it isn't that long ago that London was struggling. It scares the sh***t out of me that London is based so much on the financial system that was artificially put on life support in 2008 and more and more economists are predicting is heading for the mother of all crashes.

Friday, February 20, 2015 09:28AM Report Comment
 

3. libertas said...

Socialism rid us of our own upper class, with the irony that we simply imported a new upper class from despotic countries where oligarchy created has created new super upper classes!!

Not making a value judgement here, just an observation.

But it seems that oligarchs, once they have everything, yearn for a more equal society than their own in London. You may laugh at me, but see the vast gap between upper and lower classes all over the third world, with no middle classes, and the rich have to live in armoured gated communities, but they prefer being free on the streets of London, walking in nice clean streets, yet their oligarchical tendencies have sucked the blood from their communities at home.

Oh the irony. But now they pay taxes, apparently, to support British society. Why did they not do that at home?

Sunday, February 22, 2015 12:19AM Report Comment
 

4. libertas said...

Because they were aware of the corruption they participated in and profited from?!

Lets hope we do not import their corruption also. It does go to wonder, what political favours their wealth, now here, is purchasing.

Sunday, February 22, 2015 12:22AM Report Comment
 

5. sneaker said...

@3 libertas - yes, we have replaced the Class System with the Money Culture, whose scions have no loyalty to any nation, society, community or populace. They only care about money and will move to another country at the drop of a hat if their position at the top of the ersatz trickle-down world (which in reality is a pull-the-ladder-up-behind-you) is threatened. This is not the sort of group that we want to have calling the shots. So what we are seeing the old 19th/20th century battle of the proles vs. the bourgeoisie re-emerging in the 21st century as the "offshore class" versus everyone else. Fascinatingly commentators on both left and right agree that this is a problem. So left-right as a political axis doesn't really work in this century. I suspect a new political order is emerging right before our eyes and the rise of the populists (on both left and right) across Europe is just the first step in this process.

Monday, February 23, 2015 11:35AM Report Comment
 

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