Rodricks questions the traditional measure of growth in the economy: "Foreclosures continue, and many of the people who for a time owned a home have returned, perhaps permanently, to the ranks of renters. But we still look to new housing for evidence of recovery."
"The fact that homebuilders are getting busy again - and that we still use housing starts as a measure of progress - means we're not quite ready for the concepts of sustainability necessary to meet the realities of the 21st Century."
Comments
illumination
One by one the lights are going on and the darkness of ignorance ("growth is always good") is being banished, although that might be a bitter pill for a lot of urban planners to swallow.