We talk a lot about startup ecosystems around these parts, and for good reason. Strong ecosystems have great reservoirs of talent congregated close together, a culture built around helping one another on ambitious projects, and sufficient risk capital to ensure that interesting projects have the resources to get underway.
Strip off the ecosystem layer though, and you are left with the actual, physical manifestation of a city or region — its housing, its transportation and mobility options, and its infrastructure. And if Charles Marohn’s Strong Towns: A Bottom-Up Revolution to Rebuild American Prosperity is any indication, a whole heck of a swath of America has little hope of ever tapping into the modern knowledge economy or creating the kind of sustainable growth that builds “Strong Towns.”
Across the country, Marohn sees evidence of what he dubs a “Municipal Ponzi scheme.” Cities — armed with economic development dollars and consultants galore — focus their energies and budgets on new housing subdivisions as well as far-flung, auto-dependent office parks and strip malls, all the while ignoring the long-term debt, maintenance costs, and municipal burdens they are transferring to future generations of residents. “The growth creates an illusion of wealth, a broad, cultural misperception …read more
Source: Tech Crunch