brockm
Active Member
Urban planners and such will jump all over me for this, but the economist in me calls shenanigans on this "balanced growth" meme that gets thrown around. I assert it to be an economic fallacy, writ large.
That, if developers are not restrained by the popular will of the electorate through their elected officials, they will out-build the underlying infrastructure and we'll have an "unsustainable" situation.
None of this makes any sense whatsoever. It's a classic economic fallacy that presupposes that it's even possible for development to exceed available resources and remain viable. And even if it could happen, that developers would build something that couldn't be supported, as doing so would ultimately undermine profitability.
Everyone agrees that Toronto's transit system is wholly inadequate to support the growth. Yet the growth still happens. People still move downtown in record numbers. Yet, some people will say: we need to control growth until transit catches up. Why? These things are self-balancing. If transit becomes so over-capacity in an area that it's unfeasible to live there, people will move. The change in desirability will affect prices in those areas. Etc.
The idea that people will just keep flooding in until there's an "unsustainable" situation is counter to absolutely every we know about how people operate as economic actors. Yet, urban planning enthusiasts run around asserting what will happen absent intervention as if it's a foregone conclusion unworthy of debate. Then, we continue to build entire plans based on premises which really should be proven. Not presumed.
If downtown living becomes "unsustainable", population influx will slow, stop and eventually reverse. If people are flooding in at higher and higher rates, you have a pretty good indicator that stuff is sustainable right now.
These apocalyptic call-to-arms are very common and almost always wrong.
If you listened to agricultural experts 1970s, you might remember the alarm bells sounded about an impending global famine that was supposed to hit in the early 1990s; China's population growth was supposed to result in a complete over-stretch of their agricultural capacity and the whole country was supposed to starve to death. Yet, somehow, despite it's population growth, China today is a net food exporter. And the only reason that's true, is not because some "planner" came up with some grand plane to stave off disaster, but actually because the opposite happened: China reformed it's agriculture towards a more free market model -- allowing prices to be set by market forces.
Yet, urban planners advance the same fallacy as China's former agricultural planners. If not for their wisdom and interventionism, market forces will overburden the city's infrastructure, destroy livability and reduce the urban experience to a cesspool of throw-away architecture. The only thing holding back this asserted natural consequence of the market, is their special experience certified by their degree in urban planning.
No matter what aspect of economic life we're talking about, there's always some "experts" ready to step up and claim they're the only ones who can save us from doom. And, as Dan Gardner so eloquently shows in his fantastic book Future Babble, these people are almost entirely always wrong.
That, if developers are not restrained by the popular will of the electorate through their elected officials, they will out-build the underlying infrastructure and we'll have an "unsustainable" situation.
None of this makes any sense whatsoever. It's a classic economic fallacy that presupposes that it's even possible for development to exceed available resources and remain viable. And even if it could happen, that developers would build something that couldn't be supported, as doing so would ultimately undermine profitability.
Everyone agrees that Toronto's transit system is wholly inadequate to support the growth. Yet the growth still happens. People still move downtown in record numbers. Yet, some people will say: we need to control growth until transit catches up. Why? These things are self-balancing. If transit becomes so over-capacity in an area that it's unfeasible to live there, people will move. The change in desirability will affect prices in those areas. Etc.
The idea that people will just keep flooding in until there's an "unsustainable" situation is counter to absolutely every we know about how people operate as economic actors. Yet, urban planning enthusiasts run around asserting what will happen absent intervention as if it's a foregone conclusion unworthy of debate. Then, we continue to build entire plans based on premises which really should be proven. Not presumed.
If downtown living becomes "unsustainable", population influx will slow, stop and eventually reverse. If people are flooding in at higher and higher rates, you have a pretty good indicator that stuff is sustainable right now.
These apocalyptic call-to-arms are very common and almost always wrong.
If you listened to agricultural experts 1970s, you might remember the alarm bells sounded about an impending global famine that was supposed to hit in the early 1990s; China's population growth was supposed to result in a complete over-stretch of their agricultural capacity and the whole country was supposed to starve to death. Yet, somehow, despite it's population growth, China today is a net food exporter. And the only reason that's true, is not because some "planner" came up with some grand plane to stave off disaster, but actually because the opposite happened: China reformed it's agriculture towards a more free market model -- allowing prices to be set by market forces.
Yet, urban planners advance the same fallacy as China's former agricultural planners. If not for their wisdom and interventionism, market forces will overburden the city's infrastructure, destroy livability and reduce the urban experience to a cesspool of throw-away architecture. The only thing holding back this asserted natural consequence of the market, is their special experience certified by their degree in urban planning.
No matter what aspect of economic life we're talking about, there's always some "experts" ready to step up and claim they're the only ones who can save us from doom. And, as Dan Gardner so eloquently shows in his fantastic book Future Babble, these people are almost entirely always wrong.
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