Why David Wootton thinks ‘it is not the time or circumstance to begin the process to remove the honorary freedom’ awarded to Aung San Suu Ky is something we believe he should explain at length. That said his position clearly has more to do with the neo-liberal politics of the City of London and its jockeying for the interests of the rich at the expense of ordinary people around the world, than the wishes of the local people he and the majority of his fellow councillors so blatantly fail to represent.
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.Read more "The Denizen & The Plutocracy’s Programme For Growing Inequality"