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How Suburban Sprawl Works Like a Ponzi Scheme - Jobs
Indeed, my friend Charles Marohn and his colleagues at the Minnesota-based nonprofit Strong Towns have made a very compelling case that suburban sprawl is basically a Ponzi scheme, in which municipalities expand infrastructure hoping to attract new taxpayers that can pay off the mounting costs associated with the last infrastructure expansion, over and over. Especially as maintenance costs increase, there is never enough to pay the bill, because we are building in such expensive, inefficient ways.
urban  urbanism  design  architecture  infrastructure  government  local  municipal  economics  development  suburbia 
october 2011 by tsuomela
California and Bust | Business | Vanity Fair
The smart money says the U.S. economy will splinter, with some states thriving, some states not, and all eyes are on California as the nightmare scenario. After a hair-raising visit with former governor Arnold Schwarzenegger, who explains why the Golden State has cratered, Michael Lewis goes where the buck literally stops—the local level, where the likes of San Jose mayor Chuck Reed and Vallejo fire chief Paige Meyer are trying to avert even worse catastrophes and rethink what it means to be a society.
state(California)  economics  money  politics  pensions  bankruptcy  debt  municipal  failure  government  near-far  future 
september 2011 by tsuomela

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