Wednesday, August 31, 2011
This most historic of months in modern British times comes to closure not with acts of national reconciliation or reflection but with the news that house prices and rents alike are set to rise by 20% over the next five years in the UK. That throwaway £26,000 deposit in London in particular barely providing a conduit to an interface lifestyle experience worthy of collecting dog stools in Victorian Britain for the tanner's yard.
This counter-cyclical economic phenomena thus defies all historic logic with regard to the natural rise and fall of property prices in Western Europe, the background of an ongoing depression, the hidden reality of a decade of utterly stagnant wages and the recent outburst of violent civil unrest that has made London a truly dangerous geographic landscape in which to base one's life. Even the infrastructural changes of the past decade that have brought us to this juncture display no noticeable improvements concomitant with current Olympian rental or mortgage outgoings.
The social expectation of incomes being organically linked to costs of living was of course a crucial and openly acknowledged matter of public debate and concern during the Seventies and Eighties for the working population of Britain up to and including every soap opera and situation comedy character. As these common sense observations of pure economic logic have apparently evaporated alongside unions, class struggle, political awareness and national pride alike it is thus difficult to ignore the sense that in the first two-thirds of 2011 this country has taken a radical step forward into utterly suicidal lifestyle logistics. These centred upon non-existent social mobility, the realisation of nightmare European border control issues and the crystal clear abscence of any political policy to control the banking crisis.
Late-Weimar Germany without the kabarett, industry, vibrant cities, a working class, intellect, beautiful women or kultur.