Left, right hyena pack rips at housing carcass

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The woke mind virus is strong at The Guardian. So strong that it tips over into a kind of madness in which it most loudly whines about the fallout from the very policies that it endorses.

No media outfit in Australia is more committed to mass immigration than The Guardian. It labels anybody suggesting that numbers should be cut an automatic “racist” and full of “hate”.

Yet, at the same time, it publishes more victimhood stories than anybody else like this:

At 51, Mandy Pritchard does not want to live in a share house, but the unfolding rental crisis means the full-time worker may have to.

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It’s a situation the Reserve Bank governor, Philip Lowe, suggested more people would need to consider to bring rents down – telling Australians on Wednesday “we need more people on average to live in each dwelling”.

After splitting with her partner of 19 years, Pritchard – an NGO worker – wants to move from Melbourne to be closer to friends in Sydney or Wollongong, and is being forced to apply for share houses.

The Guardian’s Greg Jericho yesterday argued that more supply is the solution. Even though it demonstrably never is. The inelastic nature of the housing construction market is known by all so he might as argue that the Ring of Power will fix it.

Maddeningly, the woke-left is, once again, hand in hand with the corporate rent-seekers set to benefit:

National Australia Bank boss Ross McEwan and property leaders have called for urgent action to fix Australia’s chronic undersupply of housing, warning that the failure will accelerate the sharp rise in property prices and rents.

He was backed up by property company CEOs – including Lendlease’s Dale Connor, Mirvac’s Campbell Hanan and Charter Hall’s David Harrison – who agreed that tackling the housing shortage was one of the most crucial issues facing the economy, and improving planning processes was the first area to target.

This is Australia’s immigration lobby in a nutshell. Woke-left useful idiots joining a feeding frenzy of blood-sucking corporations tearing chunks of flesh off the right for a roof over your kid’s head.

Nothing will be done on housing supply because nothing can be done. Nobody in power wants to fix it. For starters, they are all landlords. Other structural impediments include:

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  • land banking developers;
  • supply restricting local governments;
  • corruption by both;
  • broken funding models for development infrastructure;
  • NIMBYs everywhere.

So on and so forth. The miracle is that we still build more houses than just about anybody else despite this.

Meanwhile, ludicrous levels of mass immigration will pour in and make it all worse without getting so much as a mention amid the hyena screeching of “hate”.

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How is this good government?

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.