Thursday, March 16, 2017

The super-rich in London: they live amongst us, but you won’t run into them (if they can help it) | British Politics and Policy at LSE

The super-rich in London: they live amongst us, but you won’t run into them (if they can help it) | British Politics and Policy at LSE

"Of course this is now a world of pronounced inequality and one in which the public realm and social investment are increasingly at stake in a political vision of the world in which trickle-down economics and naked personal ambition are feted by politicians and think-tanks. The result of these inequalities and social conditions is the production of urban anxieties that translate into bunker style homes as well as the opulent display of defensive measures like remotely accessed gated developments, as affluent residents of the street in Lanchester’s novel Capital learn ‘we want what you’ve got’."

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The same is true in the US.

1 comment:

IC_deLight said...

Not so sure the observers get the full picture. A similar claim is made about U.S. housing but the people in these places don't necessarily like it - there housing choice is "which bunker" or "which HOA". There is so much nonsense with the industry that promotes HOAs. There is a great deal of what can only be described as tribalism. The idea that their neighborhood is somehow superior so long as they abide by covenants written by developers who recognized the eventual inhabitants as pigeons from whom the developer expected to reap financial benefits from. Whether it is a trailer park or a high end development this tribalism mentality - at least among a small contingent of homeowners - is FORCED on all the others living there. Unlike a real tribe, however, the cohesion does not exist among the homeowners. Unfortunately newpaper article authors don't seem to recognize this nor do they understand the difference between the HOA corporation and the homeowners nor do they understand that the HOA and the restrictive covenants are involuntary and not something the homeowners negotiated or chose.