A random statistic: the value of property in London’s most upmarket borough, Kensington and Chelsea, is now greater than that of all property in Scotland, Wales and Northern Ireland combined.
This monstrous imbalance is one manifestation of an economic value system that rewards short-term gain over sustainable growth. Rather than making patient investments that generate innovation and create lasting value, the bankers, oligarchs and hedge fund managers are taking the risk-free option of sinking their cash into exclusive bricks and mortar.
To read the full, original article click on this link: Encourage long-term investment in innovation - Science|Business
