This describes pretty much every economic bubble in history. And it is always those who actually do work for an income that pay the price.
Common Ninja
@commonninja.bsky.social
484 Followers
818 Following
A garden variety ninja, trying to go unnoticed. Mostly.
Likes: Reading, walking, cycles, cycling, amateur radio, music, Hi-Fi
Dislikes: Neoliberalism, death by car, death by climate change, prospect of WW3
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So in short, speculation is to blame.
People who expect to earn money by over-leveraging themselves buying up assets.
And because every rich person thinks it is a good way to make money, the asset is overpriced.
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Why is Labour’s Pie Theory a dangerous myth? youtu.be/Z7mPuNINDmM?... Lisa Nandy says the UK needs a “bigger pie.” But the truth is, we already have enough pie. The problem is how it’s sliced—and Labour refuses to talk about that.
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To put this in context, England has almost approximately 250,000 miles of road network.
Time to take active travel seriously.
“A truly national network would require dedicated, long-term funding and planning, with proper prioritization of cycling and walking as means of transport, rather than an afterthought… the benefits of this investment could be phenomenal…”
Excellent piece by @lauralaker.bsky.social
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... we should not de-normalise walking miles everyday. It has very distinct benefits.
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Walking between 6 and 8 miles a day at the moment (🐕🦺).
On this morning's walk, found myaelf reflecting on how when we learned about Africa at school, we were taught how some people walked miles to collect water everyday.
We are lucky to have civilisation and drinkable tap water in the home. But...
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Hoping it goes well logistically and also that you find it immensely enjoyable.
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.. gerymander that back fired.
www.independent.co.uk/news/uk/poli...
Voter ID is ‘gerrymandering’ which backfired on Tories, says Rees-Mogg
Elderly Tory voters didn’t have ID for local elections, says ex-cabinet minister
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You missed the quoted 'Election Maps Tweet'?
I don't think you are understanding the UK. No motivation is explicitly stated. It just so happens that every incumbent party tweaks the election process to suit them.
IRO Voter ID, Jacob Rees-Mog, a former Tory MP admitted it was an attempt to ..
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www.thecanary.co/uk/analysis/2021/10/21/the-tories-are-gerrymandering-democracy-to-turn-england
See also, introduction of voter id, with originally very few options for young people and those without passports/driving license to prove their identity:
The Tories are 'gerrymandering' democracy to turn England blue
After years of speculation, we now know what the proposed parliamentary constituency boundary commission changes across GB will look like
