Once a country known as “lucky” for its affordable quality of life, Australia has achieved legendary status as a place where public policies have destroyed housing affordability for the middle class. Draconian land rationing policies (called "urban consolidation" in Australia and more generally "compact city" policy or "smart growth"), have made it virtually illegal to build houses outside tightly drawn urban growth boundaries that leave virtually no room for new construction beyond the urban fringe. read more »
Over the past few years resort communities - communities ideal for a ski vacation, a beach week, a hiking excursion or the like - have been hard hit by the downturn in real estate.
The key question is how these communities can be revived. If the issues involved are successfully addressed head-on, these small towns are able to provide significant amounts of affordable housing, viable and productive public transportation networks, and public functions such as parks, schools, police, and fire, despite limited financial and physical resources. read more »
Nearly a century and half since the United States last divided, a new "irrepressible conflict" is brewing between the states. It revolves around the expansion of federal power at the expense of state and local prerogatives. It also reflects a growing economic divide, arguably more important than the much discussed ideological one, between very different regional economies. read more »
Just over a decade ago, governments in Australia were immune to calls for accelerated infrastructure investment in our major urban centres. Plans for strategic reinvestment were rare. Much has changed in that time, maybe too much. It seems that enthusiasm for major urban infrastructure now runs ahead of impartial assessment of the cost, versus the claimed benefits. A proposed $8.2 billion underground rail loop for Brisbane, along with a new underground station for its busy downtown, provides one example of an over exuberant propensity to spend. read more »
As I arrived for a visit, my 90 year old father was perusing ads from his favorite big box store for chicken parts. Seizing the moment that all children savor, I sought to impress him with my declaration: "I buy my chicken parts – albeit at higher prices – at the natural foods store; you know daddy, where the chickens ate naturally off the barn yard floor like they did when you were a boy"? Not missing a beat and dashing my hope for an "at a boy," he retorted: "I saw what those chickens ate off the barnyard floor and I'll buy my chickens at Walmart(s)!" read more »
In 1952, a white Protestant couple from Pasadena, California along with their newly born first child, moved 22 miles east to a small town called Covina. There, among acres of open space and endless rows of orange, lemon, and avocado trees, the young family was able to purchase a plot of land and build a brand-new home with swimming pool for a total of $20,000. read more »
Only Tribes held together by a group feeling can survive in a desert.
--Ibn Khaldun, 14th century Arab historian
Time to chuck into the dustbin the cosmopolitan notions so celebrated at global conferences: a world run by wise men of the United Nations, science-driven socialists or their ostensibly more pragmatic twins, global free marketers. We are leaving the age of abstractions and entering one dominated by deep-seated ethnic, religious and cultural loyalties, some with roots from centuries and millennia ago. read more »
Americans, with good reason, increasingly distrust the big, impersonal forces that loom over their lives: Wall Street, federal bureaucracy, Congress and big corporations. But the one thing they still trust is that most basic expression of our mammalian essence: the family. read more »
The economic rise of China has created two growth industries pulling in opposite directions. There’s either the school of blind praise of ‘The China Miracle’ or its opposite, apocalyptic predictions about the country’s impending implosion. read more »
Lately, Texas has been noted frequently for its superior economic performance. The most recent example is the CNBC ratings, which designated the Lone Star state as the top state for business in the nation. Moreover, Texas performed far better than its principal competitor states during the Great Recession as is indicated in our How Texas Averted the Great Recession report, authored for Houstonians for Responsible Growth.
Introduction: How Texas averted the Great Recession: read more »