London – the city that ate itself

“The deregulation of the restrictions on conversion of sites from other uses to residential is in effect a colossal gift to those lucky enough to own them; a jackpot, a shower of golden coins from a vast, state-owned slot machine. At the same time, local authorities are bullied and squeezed into surrendering their assets, at whatever cost to their residents and tenants, just to keep financially afloat.”

http://www.theguardian.com/uk-news/2015/jun/28/london-the-city-that-ate-itself-rowan-moore?CMP=EMCNEWEML6619I2

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