Economic Policy

Age Shock: How Finance Is Failing Us by Robin Blackburn

By Robin Blackburn

Publish 12 months note: First released in December 1st 2006

Most international locations face the long run with an growing older inhabitants, but such a lot governments are decreasing on pensions and the care providers wanted via the aged. Robin Blackburn exposes the perverse reasoning and specific pursuits that have mixed to supply this nonsensical scenario. This up-to-date paperback version of Age surprise contains a new preface explaining why the credits crunch and eurozone main issue have had any such devastating effect and outlining how to warrantly respectable pensions and care provision.

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Federal allocation of long-term low-interest bearing loans, through which it was possible to finance up to 90 per cent of building costs, gave enormous impetus to development by non-profit cooperative housing construction societies. Rents based on redemption costs were higher than those in communal housing (built directly by the municipality) but affordable, and reflected the general economic improvement in the country. Gradually, communal housing construction was phased out in favor of cooperative housing development.

In architectural discourses of the time megastructure was part of an expanded notion of architecture in its full complexity and multiple relationships and connections – physical, social, political – at the instrumental scale of the city. The ludic aspect of English megastructure and especially of Archigram was embraced by Hollein, Prix, the Zünd-up group and Pichler. 33 It is not without significance that the radicalization of architectural culture in Vienna and other Austrian cities with important architecture schools (Graz in particular) in the 1970s coincided with a period of liberal reforms in Austrian social policy under Bruno Kreisky, leader of the Austrian Socialist Party (SPÖ) and Chancellor from 1970–1983.

In other countries, such as Belgium, a more decentralized policy prevailed, which enabled local initiatives taken by municipalities or cooperatives, helped by subsidies from the central state. 5 The deployment of 52 Hilde Heynen and Janina Gosseye the social welfare state system in post-war Belgium was thus initially largely organized along ideological lines. Social security was, for instance, distributed through unions and mutualiteiten (health insurance organizations) that bore clear ideological connotations.

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