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A Complete Guide To The Ponzi Scheme That Is Suburban America

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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-07-11 11:41 AM
Original message
A Complete Guide To The Ponzi Scheme That Is Suburban America
http://www.businessinsider.com/suburban-america-ponzi-scheme-case-study-2011-10

Suburban America is a Ponzi scheme.

A report out today from Strong Towns makes this bold claim.

It argues that the mass migration from cities to suburban areas following World War II has seen two cycles of growth and maintenance.

The first cycle was paid for outright, the second is heavily financed, and the third cycle is poised at the brink of an abyss.

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orwell Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-07-11 02:41 PM
Response to Original message
1. Thanks...
...good read.
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Kievan Rus Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-07-11 02:45 PM
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2. Many people are starting the trend in reverse...
moving from the suburbs back into urban areas.
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orwell Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-07-11 02:46 PM
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3. BTW...
...all of these arguments are financial ones. Until we get beyond financial arguments to ones based on resource allocation, product lifecycle engineering, and labor utilization we will be bound by this no-win paradigm.

All of his concerns are essentially financial. I have difficulty associating financial considerations with the real economy.

I am far more concerned with how we utilize natural resources as one very destructive species in a global biosphere.

That is the true limit to growth.
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Dr Fate Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-07-11 02:56 PM
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4. I love your handle..."Far Center"
LOL! I thought I came up with that one.
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