The cult of home ownership is dangerous and damaging – Adam Posen –

Dr Alf's Blog

This is an excellent, MUST READ article by Adam Posen, president of the Peterson Institute for International Economics and is published in the FT.

via The cult of home ownership is dangerous and damaging –

The article highlights the risks at both the individual and national level of the home ownership cult, especially in the US and the UK.

These days, home ownership favors the wealthy and inherited wealth. The article cites latest research in the US that home ownership impacts mobility and aggravates unemployment. The financial crisis started in the US in 2008, and was triggered by sub-prime mortgages supporting home loans to the less advantaged. Now, once again, the big US banks are booming, and both the US and the UK governments are propping up the housing market.

Surely, the UK Government should be subsidizing language training rather than mortgage finance, and encouraging more people to go…

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Ecology above economics – English

This excellent, MUST READ article is currently one of Russian newspaper Pravda’s most popular stories. Check it out!


Ecology above economics – English


Although I am passionate about protecting the environment for future generations, I fear that economics will prevail.


Any thoughts?


English: economics

English: economics (Photo credit: Wikipedia)



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