Economies of Place (Salingaros et al., 2010:94)
“Banks, governments, and building companies are captivated by economies of scale, and are less sensitive to economies of place and of differentiation needed to repair a neighborhood. Wielding a blunt and relatively primitive economic instrument, they would prefer to wipe out the neighborhood and build it all over again. It is much less trouble, and less costly in crude monetary terms, to do this. But of course, the unsustainability of this lopsided economic model (and its terrible cost to society) is becoming painfully evident.”
Salingaros, N., Brain, D., Duany, A.M., Mehaffy, M.W. & Philibert-Petit, E. 2010. Socially organized housing: a new approach to urban structure. In P2P Urbanism. Draft Version 3.0. Downloaded from http://zeta.math.utsa.edu/~yxk833/P2PURBANISM.pdf 08/12/2010