Slightly bonkers, though - not only would that plunge us into the morass of social problems endured by India & China (possibly worse, due to the lack of land here), but it would also put us at the bottom of the market. Once you sell cheap, it's really hard to reposition.
Living on a crowded island has little to do with anything, it's a matter of management. The Netherlands, Singapore and Hong Kong seem to be doing okay despite being more crowded.
I agree that the social housing sell-off has led to ridiculous anomalies. I live in a 2-bed house, on my own, rent paid by HB. I like my house but it's rickety; clearly hasn't had any attention since the 1960s. It's owned by a London property investor who bought all these houses in 1971. Most of the others have been brought up to date, but they've told me they won't touch mine until I leave and/or stop getting benefit. Reason? They get the same rent from HB that the renovated houses bring in from private tenants. It should be rented to a small family but, for that, they'd have to spend money on it.
If we still had adequate social housing provision, I'd be in a 1-bed with double glazing & heating and my landlords would have to raise their game. The current system just prints money for lazy property owners - not to mention greedy B&B landlords! That's 1,000 times worse!
The computer & broadband thing is a red herring. Even the government admits you can't get anywhere these days without the internet (assuming it doesn't drop dead this August, but that's a different thread). I get £65 a week - yes, that's SIXTY FIVE - for all my food, bills, expensive plug-in heating & such. 20% of that goes on my phone/broadband and mobile. Numerous community broadband schemes have fallen flat on their faces, usually after receiving development grants. I assume this is due to vested interests blocking progress. Why hasn't the government forced these through?
Bailing the 'finance' creators out with real money - ours - was a logical stopgap but an insane policy for the long or medium term. Most observers believed the bailout recipients would have to pay back the money, with interest. What's happened? We're paying THEM ! Brown's government, and this one after it, have been gloriously shafted and we are the ones carrying the cost.
I still don't get why the debts aren't called in. Fear of losing face? Could it be that pathetic? Surely not??! Fear of losing talent is bullshit. UK commercial bankers are still among the most highly-rewarded in the world.
I just don't believe there is any strategic policy in government any more. (In business, yes.) None of them think beyond securing their own jobs for a further 4 years.