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A new source of slums

Letter to: Charles Clover, Environment Editor, The Daily Telegraph, London

31st August, 2005

When a government enters the lists as a property developer, do not risk a peep into the future. Houses built for the wrong reason, are slums in the making. A home should be a place where the occupant wishes to live. In the past we built back to backs where workers could be dumped in order to be enslaved.

Modern style socialism has other ideas. Use the desire for a home as a means of exploiting slave labour with debt. Trick the citizen into accepting credit as a loan of money. Turn buying a home into a method of creating new money, so as not to tax the citizen directly and to avoid the Government itself, having to borrow any more money.

Also keep the rising cost of housing, resulting from the use of limitless cheap money, keep that rising cost, out of the inflation statistic. We then get the citizens, outbidding each other, to buy a home and pushing the cost of homes through the roof. It is then easy for the Government to pretend that the housing crisis is a shortage of houses. There is always a shortage of nice enough homes. We have been short of money and clobbered with debt for centuries. Prescott's housing conspiracy gives a vast increase in the money available for taxation. The Government which uses houses as homes, as a means of literally making money, will end up with slums. The slums of the future will be known as Prescott's follies.

Doctor Edward C Hamlyn MBChB