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Across the UK and beyond, politicians talk endlessly about affordability — yet nothing improves.
Why?
Because they are blaming inflation when the real issue is structural income extraction. Rent, mortgage interest, utilities, subscriptions, fees, and financial add-ons are permanently draining household income, leaving people with no real choice over how they live.
In this video, I explain how weakened regulation, captured competition policy, and financialisation created a system designed to extract income, and why mainstream politics refuses to confront it.
Affordability is collapsing by design. That is why politicians won’t talk honestly about it.
By Richard MurphyAcross the UK and beyond, politicians talk endlessly about affordability — yet nothing improves.
Why?
Because they are blaming inflation when the real issue is structural income extraction. Rent, mortgage interest, utilities, subscriptions, fees, and financial add-ons are permanently draining household income, leaving people with no real choice over how they live.
In this video, I explain how weakened regulation, captured competition policy, and financialisation created a system designed to extract income, and why mainstream politics refuses to confront it.
Affordability is collapsing by design. That is why politicians won’t talk honestly about it.