The Forum > Article Comments > Progress gives with one hand, and takes away with the other > Comments
Progress gives with one hand, and takes away with the other : Comments
By Don Aitkin, published 2/7/2014There has been a cost, too, in the shabby shape of what were once quite distinguished CBDs.
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Large shopping centres are already starting to fail in the US.
There is even a web site for defunct shopping centres in the US.
True this is not the US, but we usually go along the same track.
In an era of expensive oil the car based economy will suffer and everything
will become local again. The era of Waltons in the US and a similar
offshoot, Cosco here, is a last hurrah !
The building of projects such as the NorthConnect in Sydney will be a
total waste of money as by the time it is finished it will not be
needed as traffic counts will decrease as commuters will not be able
to afford the weekly tolls and petrol.
Typical tolls and petrol plus servicing are about $300 a week for a
cross Sydney daily trip. And that is after tax money !
Truck drivers will not be able to compete with rail and shipping.
Four motorways have gone into bankruptcy already because traffic
counts did not reach the desired level to repay their cost.
Interesting side issue, the percentage of young people taking out
driver's licences has fallen and they are not buying cars.
It is well worthwhile looking around this subject and some major
changes are taking place.
Many economists etc think the GFC has ended, well it hasn't it has
only just started and will stagger on as it has for a little while yet
before it really becomes a pain.