Housing March @ G20 Meltdown 1 April
TEAR DOWN THE WALLS! RAISE THE ROOFS!
HOUSING MARCH @ G20 MELTDOWN 1 APRIL … meet at Cannon Street at 11AM
On April the 2nd the world’s leaders are meeting in London for the G20 summit. In the wake of the banking crisis, they are meeting to try to salvage a tottering system, which is aimed at growth for its own sake,
at the expense of our living standards and the environment. However, this strategy seems to be failing and the system cannot achieve the rates of growth necessary for its very functioning and continued survival, relying on credit to stave off its collapse.
Do the leaders of the world remember that the credit crunch originated
in the “housing bubble” and the mortgage crisis?!!
Despite Gordon Brown’s claim that the economic crisis is all the fault
of US sub prime mortgages, the same trends were apparent in the UK
credit boom as commercial banks turned themselves into investment
banks and triggered speculation on the housing market. The credit boom
was increasingly underwritten by mortgage finance, leading to an
unlimited amount of money chasing a finite housing stock. Housing
prices rose by 150% between 1996 and 2008, when they finally peaked:
in 2004 staggering 63,000 mortgages were granted here at a price 10
times greater than the applicant’s income.
In 2008, there have been 40,000 home repossessions across the UK and
current estimates for 2009 are in the order of 70,000-75,000!
The other side of the housing bubble coin has been the crisis of
homelessness counted in the millions denied a step on the ladder (or
greasy pole) to affluence. The crisis has been exacerbated by the
sell-off, privatisation and destruction of council housing and the
rolling out of so-called “regeneration schemes” to attract the new
rich and to displace the poor whose presence adversely affected house
prices.
Officially there are 80,000 households homeless. Set this against the
estimate that in 2008 there were some 750,000 properties standing
empty in Britain -and the crisis becomes a scandal!
In the UK both Labour and Tory governments have carried on selling off
social housing as well as privatising housing-relating services. Low
rent community centres, squats and autonomous social spaces have also
had to fight for their existence. This reflects a trend towards more
cuts to social services, privatisation and compulsory work schemes in
Europe and beyond. It is also part of a continuing enclosure of
resources and means of living - which includes water, land and housing
all around the world.
The bailiff knocking on your door is a not-so-distant cousin of the
cartel forcing peasants off common land elsewhere!
As a result of the relentless pursuit of at any cost, production moves
to where wages are lowest and more and more areas of everyday life
become fair game for enclosure and privatisation. All over the world
we have been witnessing a property boom at the expense and exclusion
of many communities; it has produced gated communities and privatised
public spaces, constant surveillance, disintegrating communities as
well as collective forms of action.
Reclaim the city from the elites and private interests!
End dispossession from lands and houses!
We demand a democratic and socially just system which returns the
power to communities!
RECLAIM THE LAND! HOUSING FOR ALL!
Where there are empty properties, we must occupy.
Where there are agribusiness monopolies, we must organize to till the
soil ourselves
Where there are bailiffs we must erect barricades
Each act of resistance to enclosure is a rallying cry
Each occupation is a fresh assault on the borders of capital
The 1st of April join the housing and autonomous space bloc at Cannon
Street at 11AM
….and bring a pillow with you!
Posted on March 27th, 2009 under Foreclosure, Right to the City, Uncategorized, movements, UK, repression, evictions & demolitions, action, squats, transactions & privatisations • Tags: G20, housing, London, Right to the City. • 
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