Labour Land Campaign Affordable Housing Supply Conference 2012

A Permanent Solution to the Permanent Housing Crisis?

Wed 14 November 2012 

9.30-5pm 

 Directory of Social Change, London, NW1 2DP 

Cost £20 (Register using link below)
For further information please contact: eleanor.firman@labourland.org                Mob. 078572 97049

Speakers include
Lord Larry Whitty, Chair, Housing Voice Alliance; Duncan Bowie, Senior Lecturer in Spatial Planning, University of Westminster & Convenor, Highbury Group on Housing Delivery; Eileen Short, Defend Council Housing; Gordon Nardell QC (Land and Environment); Stephen Hill, C20 futureplanners, RICS Sustainability Task Force Europe; Christine Whitehead, Professor of Housing Economics, LSE and Senior Research Fellow CCHPR; Frances Plimmer, Chair, Valuation and Real Estate Commission, International Federation of Surveyors; Jacky Peacock, Brent Private Tenants Rights Group; Bob Colenutt, Northampton Institute of Urban Affairs; David Drew, former Labour MP Stroud; Dave Wetzel, former Vice-Chair Transport for London, founder, Labour Land Campaign.

Register online

The Solution

Wouldn't it be easier for the people to dissolve the markets and elect another?

Gordon Nardell

After the uprising of the 17th June
The Secretary of the Writers Union
Had leaflets distributed in the Stalinallee
Stating that the people
Had forfeited the confidence of the government
And could win it back only
By redoubled efforts. Would it not be easier
In that case for the government
To dissolve the people
And elect another?

Bertold Brecht, The Solution, 1953

Brecht's acerbic irony came to mind after reading the umpteenth piece of right-wing post-Budget punditry justifying severe, long-term cuts in public spending and debt because otherwise – to paraphrase – governments will forfeit the confidence of the markets.

This nonsense turns democracy on its head. Decision-making by elected governments is in thrall to those same markets whose judgments have been palpably wrong for the last 20+ years: consistently marking up the value of equities, Sterling and USD on the myth of stable, unstoppable growth while the debt crisis quietly accumulated, followed by the abrupt volte-face of demanding deficit reductions that threaten to choke off such feeble recovery as some economies have managed since 2008. The analysis ought to be that the markets have forfeited the confidence of governments – and more importantly of the people who elect them. So: why can't the people dissolve the markets and – well, not necessary elect another, but replace them with democratic mechanisms for providing liquidity?

The economy, and the question of public sector deficits in particular, has been a near-taboo subject during most of the Labour leadership election so far. But when Andy Burnham broke cover recently, it was to say Labour shouldn’t be "in denial" about the need for deficit reductions. The logic of private markets infects all. The real point of this paper is this. The cuts agenda, now revealed as the price of solving a crisis in private markets, makes it no longer possible to avoid a simple choice of political position. We are either for an economic system based on the dominance of markets, or against it. And if we’re against it, then what we now need to provide is a carefully constructed, popular set of arguments in favour of something else.

LEAP Red Papers March 2010: Breaking the Cuts Consensus

The March 2010 LEAP Red Papers: Breaking the Cuts Consensus are published today in advance on the Budget Statement on Wednesday 24th March.

In this edition of the papers, John Grieve Smith argues that the pre-election cuts consensus is driven by misplaced obsession with the budget deficit, and that such cuts would be damage the economy. The 'misplaced obsession' could be countered by an international, government-led mechanism for pricing and trading public sector debt, argues Gordon Nardell.

An alternative to the cuts consensus, based on tax justice and public ownership, is argued for by Andrew Fisher, while Gerry Gold explains why neither the solutions offered by neoliberals nor Keynesians can solve the global crisis.

Graham Turner argues that the crisis in the UK is exacerbated by the decline of manufacturing, on contrast to other countries that have had a clear manufacturing strategy, while Jerry Jones tackles another election issue – migration – arguing that trade union rights are the solution to exploitation and under-cutting.

As John McDonnell MP concludes, no party is adequately addressing these issues because none want a more democratic system

Download the papers in full.