The Growth Ponzi Scheme

While these kind of posts don’t usually attract a lot of attention, I hope these little "sound bites" from larger more detailed articles give you some feel for what’s really going on with planning "requiring" use of the individual automobile. So while there are some interesting numbers and studies in the article, here is the final paragraph of the article from Strong Towns Blog by Charles Marohn:
If you want a simple explanation for why our economy is stalled and cannot be restarted, it is this: Our places do not create wealth, they destroy wealth. Our development pattern — the American style of building our places — is simply not productive enough to sustain itself. It creates modest short-term benefits and massive long-term costs. We’re now sixty years into this experiment, basically through two complete life cycles. We’ve reached the "long-term", and you can clearly see we’ve run out of options for keeping this Ponzi scheme going.

.
https://www.strongtowns.org/journal/2011/6/14/the-growth-ponzi-scheme-part-2.htmloldId.20110614222750532

Leave a Reply