It was only the catastrophes of the first half of the 20th century which gave ordinary people access to…

It was only the catastrophes of the first half of the 20th century which gave ordinary people access to housing for the first time. Prior to that, housing and land were the exclusive prerogative of the rich and powerful. /1 https://t.co/duu6W8p27j

There’s even more to see here. The idiot debates today about market versus public provision of housing ignore that there was no such thing as a market, until government intervened. Nobody owned homes, except for a tiny number of the elite. /2 https://t.co/ZrpofJXoGG

The idea of the market, or the free market as it’s sometimes called, is a political fiction designed by the same elite sections of society to dismantle government regulation of their activity. Humans never act in the way that market theorists describe. /3 https://t.co/wMPpOBzdsm

Housing just one more example of how societies run on status, and all that disrupts the status quo is catastrophe. Housing globally now is ridiculously unaffordable. With the absence of pressure from catastrophic disruption, it’s returned to being a high status marker. /4 https://t.co/5pGrGtwwVl

I’m sure Cameron Murray posted this graph originally, acknowledgements. /end