The City wants hot money looted by corrupt elites from outside the overdeveloped world to pour into London and other global centres, where it can be invested in property and thus hyper-inflate the housing market. As a result rents and mortgages get puffed up, and so do potential profits for financial capital as debt increases. As the last crash showed, the periodic failures of this system are often the means by which yet more wealth is transferred from the poor to the rich. The City and its offshoots such as The Housing & Finance Institute want London and many other urban centres blighted with ghost homes, since this forces up house prices and leads to ordinary people overspending on necessities and in debt.
Judged on both the dominant personnel and how it operates, Cascade is very much a continuation of the Bell Pottinger-style of public relations under another name; and changes of identity are very necessary to these PR clones as their old monikers become discredited. This piece “Bell Pottinger pushed SA into jaws of kleptocracy. Can we claw country back?” from BizNews (18 July 2017) illustrates that: For many in South Africa, Bell Pottinger has become a swearword, much like Gupta. References to both are now synonymous for what ails South Africa – corruption and state capture. While the UK-based public relations firm is no stranger to South Africa, its current reputational damage has forced it to issue an ‘unreserved’ apology, which has gone down like a lead balloon.Read more "Cascade Communications: Another Shower From Taylor Wimpey"