Austerity, for Whom?

The headlines are dire across Britain; England’s finest cathedrals battle financial crisis, National Health Service in dire need of funding, forced cutbacks on social services while rentals become unaffordable for the young. And yet the world is awash in money.

High-end flats in London stand empty while the city is in a housing crisis, bought by foreign investors as simply a vehicle in which to safely store their money. Kensington, Chelsea and Notting Hill have become warehouses for cash rather than lovely neighborhoods in which to live, while Theresa May, the vicar’s daughter, blathers on, “You have a job but you don't always have job security, you have your own home but you worry about mortgage rates going up, you can just about manage but you worry about the cost of living and the quality of the local school because there is no other choice for you. Frankly, not everybody in Westminster understands what it's like to live like this and some need to be told that it isn't a game.”

An…