Quote of the Day: Richard Florida on the Shaping of America
Richard Florida writes in the Atlantic: How the Crash Will Reshape America
"No place in the United States is likely to escape a long and deep recession. Nonetheless, as the crisis continues to spread outward from New York, through industrial centers like Detroit, and into the Sun Belt, it will undoubtedly settle much more heavily on some places than on others. Some cities and regions will eventually spring back stronger than before. Others may never come back at all. As the crisis deepens, it will permanently and profoundly alter the country's economic landscape. I believe it marks the end of a chapter in American economic history, and indeed, the end of a whole way of life."
Florida addresses the issue of the housing bubble and sprawl:
"The housing bubble was the ultimate expression, and perhaps the last gasp, of an economic system some 80 years in the making, and now well past its "sell-by" date. The bubble encouraged massive, unsustainable growth in places where land was cheap and the real-estate economy dominant. It encouraged low-density sprawl, which is ill-fitted to a creative, postindustrial economy. And not least, it created a workforce too often stuck in place, anchored by houses that cannot be profitably sold, at a time when flexibility and mobility are of great importance."
More in the Atlantic
More Richard Florida in TreeHugger
Book Review: Who's Your City by Richard Florida
Quote of the Day: Richard Florida on The New Spatial Fix
Richard Florida on Tor-Buf-Chester
Jargon Watch: "Terminal Gentrification"
Making the Rust Belt Work Again