Friday, December 30, 2011

Externalities

The truth is that 97% of the British population is squashed on to 9% of the land. Our cities are bursting, & their infrastructures are bust. They are like medieval graveyards: hundreds of bodies piles on top of each other. We must build more homes … That doesn’t mean desecrating beautiful landscapes. It does mean ignoring the nimby yelps
Richard Morrison Times 18 November 2011

The price of property is attracting lots of foreign investors just now.

Our home grown Nimbys are like the Indians who sold Manhattan for beads – they use the economic arguments about external costs to argue for their right not to lose the external benefit of their space & beautiful views.

Leaving the costs to be borne by those who must live in overcrowded conditions. Just so long as no mean little boxes spoil the area around my Georgian rectory – I might have to drive past them on my way to the motorway to get to town.

Or I might, horror of horrors – have to live near something as distasteful as a factory or industrial unit which will only destroy OUR green & pleasant land & reduce the rate at which the value of MY house keeps on rising.