Physical expansion & population growth are costly
I owe you an election report on my recent city council run in my hometown of Colorado Springs. I wasn’t sure the citizens were ready to embrace a modern, sustainable economic model that recognizes perpetual growth is impossible. But I thought I might get traction from the fact that growth is no longer profitable. My city, like most, and like our entire nation, is in a state of crisis. Our tax revenue is down thanks to the collapse of the housing and consumption bubbles.
As I feared, current leaders believe we just need to rev up the growth engine to solve this problem (their faith in growth everlasting prevents them from seeing that our growth boom of the past two decades created more problems than it solved). It created costs faster than revenues. And it didn’t exactly do wonders for our quality of life. I wanted to offer an alternative to re-inflating the housing bubble, a smarter, more sustainable long-term solution.