-
-
-
-
-
-
-
-
-
-
It’s nice to see rent control on the agenda, despite it being for such a small selection of buildings and fairly mediocre terms. The Mayor has limited power for deep change, but it could be much fairer than this:
To ensure the new homes are “genuinely affordable”, Mr Khan is proposing to set the rents at 40 per cent of average key worker household incomes after tax.
Annual rent increases would potentially be set in line with wage rises, or at two per cent each year, depending on which is higher.
Affordable rents tend to be understood as less than a third of take-home pay, not 40%.
And if the increases will behave similarly to market rents anyway (wage increases get transferred into rents as it stands), this won’t really improve things dramatically. Public sector rents should be at, or close to, the cost of provision, with allowances for inflation on maintenance work. Defining rules for future wage theft on a percentage basis seems rather arbitrary.
-
-
-
-
-
-
“These changes have resulted in a system which sought to eliminate risk-taking. That has gone too far and, in places, it has had unintended consequences, which we must now address.”
That article is so unspecific. Depending on your position, it could be presenting a change in regulation to reduce rentierism in finance, or be incredibly laissez-faire.
Although given the standard definitions of growth and financial stability in Westminster, I suspect this is not good news:
The chancellor set out a series of changes, some of which were proposed by her immediate predecessor, Jeremy Hunt. These include obliging regulators to take into account growth, as well as financial stability; and replacing the current “certification” regime for investment professionals, with a “more proportionate approach”.
-
There is an interesting cross over between facist, communist and capitalist architecture.
To add to this a little more, it’s interesting to me that Marx had a very different viewpoint on this to both state or capital authoritarians and the modern city-oriented non-authoritarian left.
His view was that there should be no real distinction between urban and rural forms, partially to undermine central power structures and to otherwise make sure that land access was distributed relatively evenly.
That probably looks something more like (squints eyes) modern suburbia than many would like to admit, albeit without strict delineated land ownership, before the idea of the car, and with a more autonomous and active community.
-
There's a similar undertone to rural heritage styles too, to be fair — all that's required is that they've been extracted from their original context and applied in a selective manner for a projected political future. Centres of power need large, dominant structures, but they also rely on a Maoist/Fascist throwback to simple cottage life to sustain their support without interference.
This seems to be playing out in the US to some degree too, with the rise of homesteading and the like.
I almost wrote my dissertation on it.
Damn, would have loved to read it!
-
-
-
$10 t shirt
Would love to see the cost breakdown of production and distribution for this. The fashion industry is pretty fucked, relying on terrible labour pay and conditions from the cotton farms all the way through to stitching the final garment.
Crucially though, the margins often get larger the closer they get to the consumer, domestic retail at the point of sale usually taking the most. American firms may well only have to pay a small additional fee on the import of blanks, and then take a hit where they’re doubling the price for domestic consumers. They’ll obviously try and pass through that cost though, not that they need to.
T-shirts aren’t representative of the whole economy but there’s more to it than just ‘tariffs bad’
-
-
I do wonder if they’re not so much in favour of autocracy per se, but more that they know there’s no way of installing their preferred libertarian system through any sort of democratic process.
I guess that’s why it’s a nebulous strongman they allude to, but don’t go on to describe in detail the specific bureaucracy or system necessary for their model society. In any case, that would go against their libertarianism, so they’re just stuck being elite reactionaries in a political and theoretical dead end.
Oh I see where we're crossing wires. I'm not saying they'll regret it after death — christ, that's stupid.