1. Repeal the 1961 Land Compensation Act. This will allow communities to capture the huge ⬆️ in land value that they create by giving their consent for development. That’s 💰 that can be spent on infrastructure (🚈, 🧑🏫, 🌳 etc) instead of going into the pockets of speculators.
(Happy side effect: it also discourages land speculation / hoarding etc, makes development more popular with communities, and ends the 🤦🏻♂️ nonsense of ‘viability’ as a justification for crap/ unaffordable development)
2. Use the planning system to set non-downward-negotiable design & perfmnce codes up front. Result: the cost of better development (+🌳s, zero carbon etc) has to be factored into the land price. So 💰 that wd otherwise be captured as high land cost is spent on better🏡s instead.
(These codes must be shaped by a. evidence and b. democracy.
Not reducing democracy, but moving it upstream.)
3. Any state can sell / lease / ‘licence’ serviced plots directly to families, groups or non-profit stewardship orgs (eg HAs, cmnity trusts), who can then procure 🏡s from a diverse market of design / manufacturing/ construction cos, innovating to offer the best products/services
In the end, residents and community stewardship orgs are the only people who have a direct incentive to create the best places to live that they can
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1066 - William I establishes a system of land ownership that gives incredible political & economic power to landowners, giving land incredible 💰 value.
1948-1961- We regulate development but still end up allowing landowners to capture most increases in land value, even though that land value is created by everyone.
We are living in an era of zombie systems. Everyone knows they’re dysfunctional and discredited but we keep operating within them anyway, because it’s so hard to fix the game while you’re a player on the board.
1/5
The great leaders of the 21st century will probably not be high heads of state - but those who, from within old systems finally can no longer sustain such a dissonance between their professional lives and their personal beliefs and values.
2/5
Those with the courage to finally say “enough is enough. I’m not pedalling this cr*p anymore, but I’m not leaving either.” From within the old systems, they start imagining, testing and building new ones. Even if it’s done by sneaking just 1% of their budget onto R&D.
3/5
New homes represents only about 0.5% of the total stock every year. So even if every new home we build we were making 0 carbon (we’re not), we badly need to upgrade and replace existing stock.
In defence of (arguably) lost causes: have a question / thought on the topic of ‘inclusive growth’. I’d love to hear your take @KateRaworth (Caveat: it’s probably rubbish). Thread:
1/The concept of “inclusive growth” is a valid critique of the fact that most growth today is.. not. Extractive monopolies, share buybacks, rent, instead of reinvestment and shared prosperity. But doesn’t scale as an idea, because it it ignores the limits to growth.
2/ We’re also recognising the flaws in trying to monetise the limits to growth (eg carbon credits) because a. They create perverse incentives and b. Are arguably the moral equivalent of allowing the wealthy to pay to break the law.