The book used is known as Big Capital. Who is London for? By Anna Minton. Have used chapter one of the book to account for what the author is arguing for (Minton, 2017 p.90).Anna Minton seems to be angry .This is clearly indicated from the government policy all the way to the foreign investment. The main issue of the book revolves around the property ownership in London starting with shady landlords, the aspect of greedy developer to greedy local council in UK. Anna Minton shows that a spectrum of forces has clearly created or resulted to a disaster whereby individuals in London are facing problematic on housing facilities. The author argues that housing has been transformed from being human right to a financial product. This proves why London has experienced massive corruption in different sectors. Generally, Big Capital tries to set out the overall complexity of the shape of UK. However, there is aspect of trader’s balanced argument whereby Anna Minton has revealed the polemic in litany against the total ills of regeneration in the country.
The recurring theme of the book is that Anna Minton shows how the council estates are being bulldozed throughout the cities in London (Minton,2017 p.190).This is done so as to provide adequate space where luxury flats which can only be accessed by wealthy individuals in the nation. For example the redevelopment of the Battersea Power Station is revealed as a high class gated community in London. It assumes this characteristics just like any single one of the countless new quarters planned in the whole London. The process isn’t helpful at all and that’s why Anna Minton indicates that the GLA study wasn’t wrong by documenting that this project was infrequent occurrence and thus it was an insignificant issue.
Some of the themes that have been highlighted in the book include residence being shuttled from one particular inadequate flat building to another. They suffer from the pressures driven by price hiking landlords and also have problematic issues regarding a lot of uncalled for misery and mental health challenges (Burrows,Pleace & Quilgars,2013,p.88). These problematic issues mainly result from their nature of having an insecure home.
The chapter also brings out the theme of economic damage in the entire London city that highly and immensely contributes to the state's tax income revenue. Various business enterprises and important service delivery become quite problematic since the residents cannot afford a decent home (Culhane, Metraux, Byrne, Stino & Bainbridge, 2013, p.364).The human housing crisis or catastrophe as addressed in the book chapter shows how various government policies and procedures have been enacted and installed in order to improve the housing situation in the future.
Anna Minton indicates that the most struggling individuals in society are the one who is affected by this situation. She indicates sets various factors and brings out the theme of trade. In this case, she indicates the consequences or impacts of the activities of the free market. The chapter also brings out the theme of government authority (Culhane et al 2013,365).The existing local government intrusions clearly set our rules and regulations that enhance the making of informed decisions regarding the success of the city in terms of trade and better housing.
There also exits the aspect of technological advancement. In this case, she clearly states on the availability of technological devices from developers that assist in offering obligations and efforts to help individuals acquire affordable housing. Conversely, this is significant since it eases the pressures issued out by the local government authorities in the optimization of asset returns on the owned property at all incurred costs. It is therefore evident that according to this chapter there exist the theme of social housing and social responsibilities. The chapter brings out the whole reality revolving around the vital policies that considered high sending patterns on the entire housing benefits (Fisher, Mayberry, Shinn & Khadduri, 2014, pp.228).Various measures and long-term strategies should be put into place in order to address the problem and offer probable solutions. Consequently, it is time wasting and unproductive to provide public resources to the private house owners. The chapters highlight the increasing parasitic consultancy aspects which are deemed to have high capability to enrich their prospective customers by gaming the whole system.
The writers also raise the theme of idiocy and greed. She indicates that London current challenges have been brought about by these individual vices.
She also brings out a theme of oppression. This is evidence that in the pasts there existed monsters who act as house developers. The local authorities oppressed the inferior residents in the society since they were highly considered as the largest and most powerful landlords (Stephens & McCrone, 2017, p78). There existed the strong policy wonks and ministers who had Thatcherism's concepts. It argues that there should be successful efforts that help in designing new trending growth and developments which serve the increasing population in London.
There also exists the theme of civilization. Ann Minton argues that the current housing state of London needs creativity and innovativeness provided by public action. The virtues of London's co-housing should take a civilized form of public housing in the future.
In conclusion, the Minton’s focus is entirely on the human costs in London. This shows that the aspect of housing in London is treated as a financial asset and therefore the more this is done its likely without this asset will lose out (Ishkanian & Szreter, 2012 p.56). The book central question is: who is London for? Is it the international billionaires, are they institutional investors or is it the ordinary landowners?
The only problem emanating from this debate is that it gives the free ride of the situation. The book while it doggedly and successfully checks housing crisis it fails to look the inward at our own perspectives (Rogers, 2014 p.91).The overall issue is that the British are always obsessed with house prices. Therefore, this indicates that any policymakers who are trying to reduce these aspects in short will be politically toxic. The merits of Big Capital tends to be hard to ignore under any circumstances. The book covers the whole London that is range of people from the evicted residents in Heygate estate all the way to so called Knightsbridge (McRae & Cairncross, 2017 p.83).This interesting reading is an important subject for London people. This has been raised by the issue behind the housing crisis in London and other parts of the country. It is shocking on how politicians are corrupt on all sides in the country.
Burrows, R., Pleace, N. and Quilgars, D., 2013. Homelessness and social policy. Routledge.
Culhane, D.P., Metraux, S., Byrne, T., Stino, M. and Bainbridge, J., 2013. The age structure of contemporary homelessness: evidence and implications for public policy. Analyses of social issues and public policy, 13(1), pp.228-244.
Fisher, B.W., Mayberry, L.S., Shinn, M. and Khadduri, J., 2014. Leaving homelessness behind: Housing decisions among families exiting shelter. Housing Policy Debate, 24(2), pp.364-386.
Ishkanian, A. and Szreter, S. eds., 2012. The big society debate: a new agenda for social policy?. Edward Elgar Publishing.
McRae, H. and Cairncross, F., 2017. Capital city: London as a financial centre. Routledge.
Minton, A., 2017. Big Capital: Who is London For?. Penguin UK.
Rogers, N., 2014. Money, land and lineage: the big bourgeoisie of Hanoverian London. In The eighteenth-century town (pp. 276-299). Routledge.
Stephens, M. and McCrone, G., 2017. Housing policy in Britain and Europe. Routledge.