Politics

An economist’s view of England’s (and particularly London’s) housing problem

Today’s Camden housing strategy conference heard from LSE Professor of Economics Christine Whitehead, in a high-level and challenging, but very informative talk, which aimed, in her words, “to give an overview of the major tensions in the housing system and in housing policy” and “clarify why current policies are being put in place”. (She suggested it would be unpopular, but it was clear that what she was saying were observations of events, not views.)

She started by pointing out that everything in the end depended on macroeconomic conditions “but macroeconomists do not know what is going to happen and they do not even know how to analyse it”. But “the chances are that on the whole the future is like the past”.

It’s estimated there are now 1.5 million households across England who pre-crisis would by now have become owner-occupiers, but who are now renting, or living at home with parents. The government was “trying things”, in response to this she said. “If it doesn’t work, they’ll come out of it – it’s a variation of the traditional way of doing things, which was knowing what you want to do”.

The government’s main aims were to reduce welfare costs, target more, use existing assets more effectively, and using housing policy to support growth. It was seeking to move from “supply subsidies”, capital grants and lower rents, which help a narrow range of people and leave out many of those who are worse off, to providing income-related subsidies, more targeted and adjustable as household circumstances change – and which in some scenarios can be cheaper. The affordable rents model is a direct transfer from The Netherlands, but there there is better and more comprehensive social security, a better distribution of income and a stronger capital base.(There, rents of over 652 euros a month are market rents.)
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Environmental politics Politics

Notes from the London “Alternative Rio” conference

I spoke today at the session on “Women and Climate Change”, which I think went  well. I’ll be writing elsewhere about what I said, but among the things I learnt from the session were about:

  • *Bridge and  their very interesting-looking “gender and climate change pack”, which has gone to the top of my to-read pile. The related Institute of Development Studies also produced an interesting leaflet on food sovereignty.
  • About a government consultation on biofuels, with particular reference to the issue of palm oil
  • About the biological vulnerability of girls to radiation (with particular reference to Fukushima)
  • About the Greenheart project;
  • And while I’m posting links, I was promoting the useful GenderCC website.

Although I kept getting caught in conversation, I did manage to catch parts of two other sessions.

I was taken by comments from Dan Plesch of SOAS about the damage that has been done by the provision of limited liability for companies, which has led to the externalisation of risk while profits remain privatised. He was scathing about “corporate social responsibility”, noting that it was legally subject to the obligation to maximise shareholder value.  He noted that the Victorians were extremely suspicious of limited liability – referencing Gilbert & Sullivan’s Utopia Ltd, and up until the 1920s The Economist was opposed to it.

Rupert Read made a nice summary of Keynesianism as offering the tradeoff of continual growth in return for accepting continuing inequality  – “growthism is an endless excuse not to face up to inequality”. He said that the end of growth would mean a need to share out the pie more equally.

Green MEP Keith Taylor spoke on fracking (at what from the bit I heard was a very strong session – also very impressed with Frack Off). He said that for Europe the problem was that it was a fast-moving technology that was hard to keep up with, France and Bulgaria had banned it while Poland was rushing ahead.

Sian Berry from the Campaign for Better Transport spoke about “peak car“, the idea that young people in particular (in cities and large towns at least) are becoming less interested in driving – hey, you can’t use Facebook! And how the Department for Transport has over the past three decades consistently significantly over-estimated traffic growth, by assuming that it would simply grow in line with population. And given the fact that the government has been planning for that growth, providing the roads etc, the question arises about how much traffic might have gone done had that been what the government was planning for…

Coming up from the Campaign Against Climate Change: Zero Carbon Britain Day, July 21, and December 1, Global Day of Action on Climate Change.

Books Environmental politics

Elinor Ostrom – a true intellectual innovator

When I studied agricultural science at university many years ago, we were taught “The Tragedy of the Commons” not as a claim, or as a situation arising from certain social circumstances, but as an inevitable fact of life.

Life experience, and a certain intellectual scorn for the quality of my university education, had led me to no longer believe that, but I was still delighted when Elinor Ostrom won the Nobel Economics prize with her work on such commons that worked very well with community management over long periods of time – often better indeed than government or commercially managed models.

Also delighted that she was the first Economics laureate, although unsurprised to learn that she’d had to battle to be allowed to study for her doctorate, as a woman in a “man’s” field. (And I’m glad that I got the London Library to buy her Governing the Commons.)

Sad to learn then that she’s died today.

Here’s her Nobel lecture: Beyond Markets and States: Polycentric Governance of Complex Economic Systems.

And her last article, on the Rio conference, published today.

A good day to read in her memory…

Environmental politics Politics

Green politics in Burgundy

… well this is based on a very small sample of the meeting I went to this evening in St Leger sous Beuvray (population 500 or so). This is in the 3rd circonscription of Saone et Loire and the speaker was the candidate for the legislative elections starting on June 10, Francois Lotteau, who is also the mayoral candidate for Chalon sur Saone, the regional capital. (And it is also based on my limited French…thanks very much to the people I was talking to for their patience! )

The candidate’s literature begins “after decades of liberalisation, the state is powerless to resolve the global crisis. There are interdependent economic, social, ecological and financial crises. austerity is not the solution. Green politics is the highest response (response a hauteur) to the issue of the day.”

It talks about the development of “peasant” (paysan – I think perhaps “non-industrial” might be a better translation) agriculture, guaranteeing good food to consumers and decent income to farmers, the decline in numbers of which must be stopped.

That was one of the chief topics of discussion tonight – the problems of young farmers and access to land and capital, the complications and cost of getting organic certification, the fact that so much food in the shops is industrial and not tied to place or producer.

The leaflet also talks about the need to invest in the green energy sector, including insulation, to reduce unemployment and “the (financial) precariousness of life”. Most discussion this evening was despair at the French acceptance and promotion of nuclear power – I sympathised and explained about our rightwing government.
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Blogging/IT

Yes, a new look!

It’s been quite a while, but I decided it was time to update the look of Philobiblon. It was looking very 2008 – because I reckon that was the last time I’d changed it.

This is what it looked like, in case you’ve forgotten. It was, by the tastes of today, ah, colourful…

Comments and suggestions on the new incantation are welcome. (Also please tell me if it doesn’t work in your browser!)

Books History

Thomas Deloney “the balladding silk-weaver of Norwich”

From a period I’m very interested in, an interesting character…

“Like his contemporary Shakespeare… Deloney left the town he grew up in to try his fortune in London, working as a silk-weaver, living in England’s first Grub Street, where an entry in the parish register of St Giles, Cripplegate, dated 16 October 1586 records the baptism of his son, Richard. Here, in the terrible 1590s, he wrote ballads and one-sheet storied and stereotypes, news-sheets and the like, which were highly ephemeral and very popular. By 1598 he was the acknowledged ‘general’ of the London ballad-mongers, a “ballad journalist who was “installed as the poet of the people” by the publication, in 1596, of a piece entitled The Ballad On The Want of Corn”.

His work was seen as “presumptuous”, because its heroes and heroines were clearly common people, only suitable, 17th-century thought at least considered, for comedy or farce.

“All of his best known works were written between 1596 and 1600, when the fabric of English society was shaken by a general crisis the like of which would not be experienced again in England until the time of Paine and Wollstonecraft, exactly two centuries later.”

From Rollison, David A Commonwealth of the People: Popular Politics and England’s Long Social Revolution, 1066-1649, Cambridge University Press, 2010, p. 330
(Complete works)