{"id":67118,"date":"2017-09-22T01:39:04","date_gmt":"2017-09-21T18:39:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-debt-crisis-and-the-onward-march-of-neoliberalism-letters\/"},"modified":"2017-09-22T02:07:25","modified_gmt":"2017-09-21T19:07:25","slug":"uk-debt-crisis-and-the-onward-march-of-neoliberalism-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-debt-crisis-and-the-onward-march-of-neoliberalism-letters\/","title":{"rendered":"UK debt crisis and the onward march of neoliberalism | Letters"},"content":{"rendered":"<p>&#013;<br \/>\nQuantitative easing allowed the wealthy to get out of cash and into assets, writes Martin London; the provisionally passed Ceta deal is TTIP by the back door, says John Airs. Plus letters by David Dodd and Paul NicolsonThe debt crisis Larry Elliott predicts (Borrowed time: Threadneedle Street is right to fear a bubble, 19 September), is the result of our failure to resolve the financial crisis of 2008. The credit crunch demonstrated that western economies were living beyond their means and that there was too much money and too much debt in the system. The required solution was for creditors to give up a considerable portion of their wealth, and return living space to debtors. Significant austerity was unavoidable.Governments chose quantitative easing instead, which allowed the wealthy to get out of cash and into assets, retaining or regaining any loss caused by the crash. The rest of us had to bear the brunt of austerity: cuts in benefits, the erosion of full-time jobs, the rise of the gig economy and increases in rents. Additional debt, funded by the liquidity of quantitative easing, enabled millions temporarily to retain a semblance of normal living: but the unequal distribution of wealth has not gone away. Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/money\/2017\/sep\/21\/uk-debt-crisis-and-the-onward-march-of-neoliberalism\" target=\"_blank\">UK debt crisis and the onward march of neoliberalism | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Quantitative easing allowed the wealthy to get out of cash and into assets, writes Martin&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-67118","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-hsy","jetpack-related-posts":[{"id":65444,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/green-spending-could-help-rescue-uk-after-debt-crash-letters\/","url_meta":{"origin":67118,"position":0},"title":"Green spending could help rescue UK after debt crash | Letters","date":"September 5, 2017","format":false,"excerpt":"\r A \u00a350bn-a-year green infrastructure quantitative easing programme is feasible, say Prof Richard Murphy and Colin HinesZoe Williams is right: another credit crunch-induced \u201ccrash\u201d is likely and the only affordable rescue package will be some form of quantitative easing (With Britain\u2019s addition to debt, another crash is certain, 4 September).\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116131,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-made-millions-out-of-the-last-debt-crisis-now-the-wealthy-stand-to-win-again-gary-stevenson\/","url_meta":{"origin":67118,"position":1},"title":"I made millions out of the last debt crisis. Now the wealthy stand to win again | Gary Stevenson","date":"May 7, 2020","format":false,"excerpt":"\r We urgently need a fairer tax system so that rich people like me help solve the fallout from coronavirus, not just profit from it\u2022 Gary Stevenson is an economist and former interest rate trader Coronavirus \u2013 latest updatesSee all our coronavirus coverageI made my first million the year Greece\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82550,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ft-property-global\/","url_meta":{"origin":67118,"position":2},"title":"FT Property: Global","date":"March 13, 2018","format":false,"excerpt":"\r Despite headwinds posed by the unwinding of quantitative easing in the west and regulatory clampdown to the east, global commercial real estate markets are back trading near record peaks a decade after the financial crisis\r \r Source : ft.com\r Read more...FT Property: Global","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crisis-wealthy-eastern-city-of-changzhou-is-latest-to-lift-home-resale-restrictions-to-boost-market\/","url_meta":{"origin":67118,"position":3},"title":"China property crisis: wealthy eastern city of Changzhou is latest to lift home resale restrictions to boost market","date":"March 8, 2023","format":false,"excerpt":"\r The affluent city in China\u2019s eastern Jiangsu province has eased restrictions on the resale of residential property, joining several tier-2 cities in easing curbs to boost demand and breathe life into the struggling market.\r \r Source : South China Morning Post\r Read more...China property crisis: wealthy eastern city of\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117108,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-us6-trillion-tidal-wave-of-quantitative-easing-is-coming-but-it-wont-buoy-hong-kong-home-prices-heres-why\/","url_meta":{"origin":67118,"position":4},"title":"A US$6 trillion tidal wave of quantitative easing is coming, but it won\u2019t buoy Hong Kong home prices \u2013 here\u2019s why","date":"June 13, 2020","format":false,"excerpt":"\r Hong Kong\u2019s homebuyers are unlikely to see a repeat of the 278 per cent surge in property prices seen over the past 12 years, because a contracting economy, rising unemployment and heightened political tensions are expected to dilute a fresh wave of quantitative easing (QE).A record US$6 trillion to\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143228,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ai-can-help-us-find-the-right-policies-to-fix-the-housing-crisis-letters\/","url_meta":{"origin":67118,"position":5},"title":"AI can help us find the right policies to fix the housing crisis  | Letters","date":"March 28, 2024","format":false,"excerpt":"\r Dr Omar A Guerrero says technology could scrutinise policy proposals and formulate holistic solutions. Plus letters from a pensioner who was evicted after asking his landlord to fix damp problems, Daniel Carter and Martyn WilliamsNick Bano makes a compelling argument that discussions about increasing the housing supply are misguided\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/67118"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=67118"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/67118\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=67118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=67118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=67118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}