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Technology Stocks : The *NEW* Frank Coluccio Technology Forum
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To: axial who wrote (38865)6/21/2011 7:12:57 PM
From: Frank A. Coluccio  Read Replies (2) of 46821
 
[OPINION] GROWTH PONZI SCHEME, PART 1

by sCharles Marohn | 13 Jun 2011

The underpinnings of the current financial crisis lie in a living arrangement -- the American pattern of development -- that does not financially suppport itself. The great experiment of suburbanization that America embarked on following World War II has no precedent in human history. As it enters its third generation, the flawed assumptions that were overlooked are now coming back to bite us in a cruel way. Like any Ponzi scheme, there is only one way this ends.

In the great American experiment of suburbanization following World War II, we redirected our county's extensive resources into a living arrangement unseen at any point in human history. We abandoned thousands of years of history, knowledge and tradition in building cities and towns in order to try this new — and completely untested — approach.

Cont.: newurbannetwork.com Twrra

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