A crash at every speed
Yes, I know we're all going to suffer eventually for their idiocy and venality (and for the 'Labour' government which has so grotesquely mollycoddled them), but the prospect of 500,000 bankers losing their jobs just makes me want to run out into the street waving a rattle and scarf. Never has redundancy been so richly deserved. But what will happen to all the yuppiedromes being built for these people in such unprepossessing locations as Stratford, Silvertown, Poplar, East Greenwich and Bow? Or what of the stacked glass trading floors of 'Ken's towers'? What of the shiny new city being prepared for 2012? A tragedy, no...?
posted by owen hatherley at 5:34 pm
17 Comments:
It's interesting, so many of us have linked to that particular BBC article with such gusto that it makes me wonder if it was satirical.
Now; architects are among the first people to lose their jobs in this kind of situation, especially in the speculative market. In the early '90s recession there was a joke going around about F.I.L.T.H. - Failed In London, Try Hongkong. Expect an exodus to the middle and far-east in the next few years.
I also think we can expect a lot of the coming towers and massive regeneration schemes to quietly disappear off the radar (I can't imagine Rogers' Leadenhall scheme is going to go ahead now), and more drastically we may find rather large developments being left as unfinished concrete shells. Now in a just world the empty yuppie-dromes would be used to clear the council-housing list, but I don't see Cameron doing that, do you? I imagine he'll be more interested in sending troops onto the streets to disperse food riots and other such things.
Cheer up mate, it's already happening!
Oh dear.... I'm 50 years old and hearing your disquiet for the second time in my adult life. What comes around goes around and I never thought I'd be old enough to say these kinds of things. 2012 will undoubtably be a tragedy but for whom? The government of the day....? The Local Authority of the day....? or the good people of East London who have such high hopes and expectations. I wonder
"A Crash at Every Speed"? Is that a Disco Inferno reference??
Yes. Post on them to follow, in fact.
"But all my team are having a drink here at the Slug and Lettuce," he said.
But for others the situation was less clear.
Can I suggest you check out last night's PM programme on Radio4. The interview with the woman who lost her job as a result of the Lehman Bros collapse was very moving.
Cheer, if you like, because the greedy will be discomfited but remember most of those losing jobs will be ordinary people.
I think we are looking at a massive house price "shudder" in London that will ripple out to the home counties.
You never know, maybe 2nd homes will have to be sold - meaning house price fluctuation in the trending countryside and seaside places.
'Ordinary people' - yes, eventually, but I just don't count the scions of Lehman Brothers in that category. My thoughts on this matter are predictable, and here.
If it's ever been a time where people across the world need to humble themselves and pray it's now. We have so many that knows the answers to the problem but my hope is that in these times of trouble we unite for the common cause. Let go of the arrogance and nonsense or downhill we will go.
Help is at hand!
http://www.guardian.co.uk/stage/theatreblog/2008/sep/17/musicals.theatre
Bienchen
!!
Or is all of this nothing new perhaps: Privitisation in an era of profits and socialism in an era of losses?
E.J. Hobsawn in 'Industry and empire', wrote how modern economies have changed every 20 - 30 years or so, since the eighteenth century.
Can't remember the page number tho, sorry.
That'll be Hobsbawm and his Kondratiev cycles. I mention these to economically educated folk and they tend to proclaim it meaningless nonsense...
ah.. ok thanks - I guess I'll have check to all the debate on that one. I always spell Hobsporn wrong.
Luverly, I respect and reinforce all of your comments.Canada sits on top of the possibly wealthiest but stupid country borne into reality. Canada is also very stupid, but I have health care that I do not pay for. The rest of the residents of this the British Columbia do pay a bit. And in many provinces they do not yet.Anyways the dialogue about architecture is interesting. I do not go into details but the wondrous buildings of the past are a testament to the best of Man,not the worst. Oh.The peons built all of them but neverthless a collaboration when all are equally paid is not that bad. But that probably did not happen. Neverthless life is not a rose garden. I just wish that folks would also remember in their looking awe that the peons built a fantasy.
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