modern irish history - confronting myths

The Irish State in the 20th Century

Confronting Myths

Dr. Conor McCabeUCD School of Social Justice

Mater Dei Institute 3 April 2014

In the end the soviet was basically an emotional and spontaneous protest on essentially nationalist and humanitarian grounds, rather than anything based on socialist or even trade union aims.”

Cahill, Forgotten Revolution, p.148.

- On August 26th 1921, the bakery and mills in Bruree County Limerick were occupied by its employees. All staff bar the manager and chief clerk joined the occupation. They hoisted a red flag and declared the “Bruree Soviet Workers Mill” was the property of workers and would sell its food cheap and reduce “profiteering”. Union officials claimed the Soviet was able to drop prices, double sales and increase wages

“We wish to resuscitate the

speculative builder..”

W.T. Cosgrave, 1925

“We wish to resuscitate the

speculative builder..”

W.T. Cosgrave, 1925Housing Acts, 1924 & 1925

- Building grants for owner-occupiers

- Remission on local authority rates

“The modest level of housing activity which these acts stimulated was limited to Dublin and Cork – big local authorities who could raise money through bond issues on the stock exchange…

Because the Local Loans Fund, the mechanism used to finance local authority infrastructure projects, did not extend to housing schemes, smaller local authorities who wanted to proceed with schemes had to borrow funds from commercial banks who were very reluctant to lend money for such ‘unproductive’ purposes.” [My emphasis]

Cathal O’Connell, The State and Housing in Ireland: Ideology, Policy and Practice (New York, 2007), p.25

“I am a firm believer in private ownership, because it makes for better citizens, and there is no greater barrier against communism.”

Senator James Tunney, Labour Party, 1952

“The man of property is ever against revolutionary change. Consequently a factor of the first importance in combating emigration and preventing social unrest, unemployment marches, and so on, is the widest possible diffusion of ownership.”

Most Revd Dr. Cornelius Lucey, Bishop of Cork, 1957

1966 Housing Act

- allowed local authority tenants in urban areas to purchase their homes

- by the early 1990s, 220,000 of the 330,000 public housing units in the state had been sold to tenants

From a housing market to a mortgage market

“One of the old ghosts in the residential market was laid to rest this week by Mr. Edmund Farrell, chairman of the Irish Permanent Building Society, when he revealed that the purchase of a new home is not necessarily the biggest single lifetime investment – simply because the average building society mortgage has itself a lifetime of only about ten years.

The significance of this information is considerable, and it does much to explain the frenzy of activity both in the residential market and in the £150 million Irish building societies’ movement. If the average mortgage is ‘turned over’ once in a decade, the average man can buy not one, but two or three different homes in his working life.”

Irish Times, 10 February 1973.

1974 Kenny Report

1975 – Commercial banks enter the mortgage market on a wide scale

1984 Surrender Grant Scheme

1988 – Section 23 Tax Relief reintroduced

1988 – Local autorities bow out of residential mortgage provision

1991/92 – high-point of owner-occupancy in Ireland – 79 per cent.

1999 – Rural Renewal Scheme – Shannon area

“Part of the reason people get less giddy about the Dow than they did five years ago is that they have learnt a bit about inequality.

what looks like a recovery, a rally or an increase in consumer confidence may just be the effect of elites passing money among themselves.“

Christopher Caldwell, FT 9 March 2013