Britain's housing market is a giant Ponzi scheme - Richard Murphy

17th October 2025

Britain's housing market has become a Ponzi scheme — built not on value, but on debt, illusion and exclusion.

Successive governments have turned homes into speculative assets, trapping generations in rent, despair and insecurity.

In this video, I explain how tax breaks, financialisation and political cowardice created a housing system that rewards luck and age, not effort — and what must now be done to rebuild homes, communities and hope.