Sunday, April 24, 2016

Three elections, none are likely to please: 1. London election

Yes it's been a while.  Having moved from one employer to another,  and with a load of house improvements I've been spending more time with life than pontificating, but there are two elections in the coming three months that I can vote in.  Of course the biggest one in the world is going on in the US, and from the point of view of a pro-capitalist objectivist libertarian, none of them seem likely to provide an outcome that is pleasing.  Why?

These are the London Mayoralty election, the UK EU referendum and the US Presidential election. First, the London Mayoralty.

London Mayoralty - 5 May:  The lowest profile one,  the least important, but also the election one that can't help but be disappointing.  Not one of the candidates is worth my vote, especially not the two leading candidates - Labour's leftwing candidate, Sadiq Khan, who nominated the neo-communist, anti-capitalist, totalitarian apologetic Jeremy Corbyn to be Labour leader (then didn't vote for him to be leader, and the "Conservative" leftwing Green candidate, Zac Goldsmith, who has spent much of his life lazily trotting out enviro-fascist agin-prop.  Despite some concerns, Khan is not an Islamist, and is less offensive than the vile old Castro-phile Ken Livingstone, but he has had poor judgment with those he associated with.   One of his former aides is a racist Islamist.  The imam at the mosque he attends rails against Ahmadi Muslims, like the murdered shopkeeper Asad Shah (killed by a fellow Muslim because he dared wish customers a Happy Easter - because Mr Shah was a model of tolerance, as Ahmadi Muslims tend to be).  Khan's response, and the response of the Labour Party is to shout "racist" at anyone questioning these links,  but that's almost stereotypical standard far-left identity politics laziness.  Bear in mind that his main opponent is backed by another, much more famous, much bigger Muslim political figure - Imran Khan (Zac is his ex.wive's sister after all).  Not that this endears me at all to Zac, because he is beyond the pale too.

Zac Goldsmith epitomises much of the worst of the Conservative Party, for he exemplifies the self-serving "generosity" of the inherited wealth entitled classes that decide that instead of producing anything or achieving anything (he dropped out of Cambridge), they can "serve" us by having power of us.  Much worse though, is the guilt-dripping  embrace of trendy authoritarian environmentalism, which drips of the greatest hypocrisy.  You see as Zac once fought genetic engineering (organics for him, to hell with the price of food for the poorest), he now fights airport expansion because of climate change - not that he shows any sign of giving up long haul travel, he just embraces policies that will keep the price high (can't have the oiks going to the Caribbean can we?  It's for their own good).



On housing London has a crisis of supply.  It is usually talked of as a crisis in affordability, which is the result of the supply crisis, although far too many politicians think it is something different.  Khan and Goldsmith both admit supply needs to increase.  At the moment London's population is increasing by 10,000 per month, but the number of new home units is increasing by only 25,000 per year.  Given average occupancy of over two per unit, it is far below what is needed to accommodate a growing population.   Khan thinks the answer is more council flats and to hobble the rental market because he sees increasing rents as landlords ripping off tenants, not a function of a market where demand exceeds supply.  Indeed, Khan thinks that new private builds should be 50% "affordable", that nonsense euphemism in London for "subsidised".   What he (and many politicians in London) ignore is that to cross-subsidise cheap social housing for those on modest incomes, means the remaining 50% have to be priced to cater for high income Arab, Russian or Chinese investors (although they have decreased in number in the past couple of years).  Middle income or middle/upper income Londoners flee to the home counties and spend inordinate amounts of time on subsidised railways commuting into London.   Goldsmith isn't much better, but he is obsessed with new builds on public land and "brownfield" sites, but wont confront the two issues that constrain growth in housing - the strangling of the market by central planners.

London's housing problem is a function of the Leninist central planning approach adopted in the 1940s by the Atlee Government called the Town and Country Planning Act.  It nationalised land development and usage, giving local authorities large scale powers to control development and meaning any property owners needs to seek permission (and anyone can object to this) to build anything that doesn't involve repairing an existing structure.    Councils impose planning demands on home builders that range from a minimum subsidised stock, to a minimum number for the disabled to prohibiting any off road parking (except for the disabled) or even banning residents of new developments from being entitled to on-road residents' parking (Councils in London in particular see car ownership as pernicious and to be reduced by fiat).   The effect of this is that house building is a market dominated by a small number of large firms that can afford to waste months or years of lawyers' and architects' fees to meet the demands of Council planning committees.  Tens of thousands of pounds get spent just on meeting the demands of people who themselves put not a penny into developments, so of course, this adds to housing costs, but more importantly constrains supply because the market simply offers little realistic scope for small scale developers.  With the exception of loft conversions, there isn't much in the way of new housing build in London that isn't the preserve of large developers, and of course Council planners see them as full of money that should be spent meeting social policy goals rather than building housing the market demands.


London greenbelt, more land used for this than any other purpose



Green Belt defenders (and nobody is saying abolish the Green Belt, rather just let some of it be released to allow housing) talk about "paving over the countryside" yet less than 5% of the total land area of the south-east of England is built on (buildings, roads, parking lots/yards).   Only a small proportion of Green Belt land would be needed to transform London's housing market, but neither Goldsmith or Khan will touch it.   The votes of NIMBYs are worth more than those who can't afford to live in London.


Both oppose expansion of Heathrow Airport, the hub airport of the UK that is at 99% capacity and can finance a third runway (and construct it in a location that reduces the numbers exposed to noise, which itself is dropping because of aircraft technology).  Khan is prepared to support a second runway at Gatwick, which, of course, is not actually in London, but itself is at 90% capacity and can also be justified (but is not a substitute for allowing the hub to expand).    For me, it doesn't help that he said the Airports Commission (the third study in recent years into what airport expansion in south-east England should look like) had a "pre-conceived" outcome already determined, although I spent a couple of years working on it including being one of a small team who screened through over 50 proposals into the shortlist.   Goldsmith didn't like the outcome of the study, so he criticised those involved, as he can't accept that he might have been wrong (he never admits that, just stops talking about it- like GMOs).

What the Mayoral campaign tells me is how utterly asinine local politics is in the UK.  Two mainstream candidates, one whose biggest achievement was becoming a lawyer (human rights lawyer) and the other who became the polite son of a billionaire, who are ultracrepidarians either unwilling or unable to conceive of the sort of transformations needed to fix London's biggest problems.   They are attention seeking, focus group informed professional politicians, and on housing they will continue to exacerbate the problem, not confront it - because they embrace the problem's sources to the core.

So I haven't voted for Mayor, I crossed out all options and wrote a short damning sentence about the lot - to hell with the anti-capitalist consensus.   London doesn't need a Mayor, it doesn't need a politician to develop a housing strategy of where to spend public money and how to fiddle with a broken planning system that is causing the problem.  It doesn't need a politician to decide how large transport networks are developed, it needs one who knows that he (or she) doesn't know what's best, but if decisions on these are left to suppliers and consumers, then they together might provide much more robust solutions.

So don't vote for Khan or Goldsmith, and ignore the protectionist  halfwit Peter Whittle from UKIP, who thinks that London's traffic can be solved by limiting the numbers of minicabs (because pricing people out of catching cabs is good for them), and focuses his campaign on immigration and leaving the EU.  Khan will probably win, in spite of his laxness towards Islamist lowlives.  However, Goldsmith does not deserve the vote of any supporter of free-market capitalism, small government and most of all, rational evidence based public policy (including science).  Far better for him to resign as an MP in a fit of pique because the UK Government has decided to approve Heathrow's third runway, and for him to depart politics for the life of leisure he has inherited.   He's fully entitled to be an annoying Greenie prat, but let's keep him away from power and punish the Conservatives for picking a candidate who is far removed from the party's values.