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alex smith
Economics Explained
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Comments by "alex smith" (@alexsmith-ob3lu) on "The $6.5 Trillion Dollar Problem Nobody Notices" video.
We prioritize new construction over maintenance. We need to return back to an incremental approach to how we build things. Check out strong towns.
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@artysanmobile "Strong Towns" is a non-profit organization founded by a former civil engineer named Chuck Marohn. He founded "Strong Towns" because he became increasingly concerned over financial insolvency of car dependent suburbia that is pushed and promoted by the Traffic Engineering profession and the Feds. Our dependency on sprawling auto-oriented suburbs is bankrupting every American because we cannot afford to pay for all the excess parking lots, strip malls, street-road hybrids etc. When you sprawl everything out over vast miles of land; you decrease the tax base and increase the amount of liabilities you are obligated to service. Every American city/county is going to be Detroit in the coming decades.
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@davidgates1122 We have a transportation monopoly here in the USA, so those companies can basically do whatever they want without having to worry too much about competition.
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Strong Towns 40:1 ratio of private to public investments. It is not always about the initial up front cost, but rather, the financial productivity to maintain such multi-billion dollar investments.
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@NAUM_Projects Strong Towns
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You guys at DOT do a terrible job in maintaining America infrastructure. We keep building new roads while older roads simply fall apart. Meanwhile traffic gets worse because public transit is basically non-existent. We need to return back to 1920s era of incremental development.
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Strong Towns recommends a private to public investment of 40:1 ratio in order to maintain such massive infrastructures.
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