Another voice of economic optimism for the U.S. to counter my pessimism, Joel Kotkin thinks the next hundred million Americans, mostly immigrants, will be our economic salvation. But he thinks these folks – who won’t necessarily be very upwardly-mobile – will live in the suburbs, “the best, most practical choice for raising their families and enjoying the benefits of community.”
Huh!? I’ll grant the the faux estate in the auto-dependent suburbs has become the American dream since World War II, but is it really a community-promoter? And how will they afford the $10/gallon gas to get to their jobs?
The rosy picture doesn’t work for me at that level if nothing else.