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Ireland Thursday 3 June 2021, by John McAnulty Not for the first time the housing crisis in Ireland is coming to the fore. Public anger extends beyond the lack of housing and the extortionate mortgages and rents to protest the role of international vulture funds in the Irish housing market, especially the bulk buying of estates, freezing out locals. What is not so clearly seen is that the housing crisis arises when the Irish model of collaboration with transnational capital is working normally. The low tax rate is compensated by the volume of capital inflow which generates the claims of miracle growth. The same process does not produce enough revenue to provide public health or housing services, which are dependent on privatization and capital inflow.

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