[MCN] Gentrification as a cost of growth-policy

[Lance Olsen]

Adam Hudson, Truthout: "Richmond, California, is creeping toward 
gentrification: Rich investors and developers are starting to buy up 
properties as the community grapples with how best to prevent 
longtime renters from being forced out. The city is a key example of 
the early stages of gentrification, often ignored by the media."

http://www.truth-out.org/news/item/31926-early-stage-gentrification-richmond-california-residents-push-back



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"But we need to be clear, the large-scale predicament and the 
emergent socio-economic stresses that we are beginning to experience 
has very little to with fraud, corruption and the greed of a tiny 
few. It has a lot to do with our human civilization running into 
limits."
http://www.resilience.org/stories/2014-03-25/anger-complicity-in-a-time-of-limits
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"Contrary to popular belief, The Limits to Growth scenarios by the 
team of analysts from the Massachusetts Institute of Technology did 
not predict world collapse by the end of the 20th century. This paper 
focuses on a comparison of recently collated historical data for 
1970-2000 with scenarios presented in the Limits to Growth. The 
analysis shows that 30 years of historical data compare favorably 
with key features of a business-as-usual scenario called the 
'standard run' scenario, which results in collapse of the global 
system midway through the 21st century."

Graham M. Turner. A comparison of The Limits to Growth with 30 years 
of reality. 
Global Environmental Change 18 (2008) 397- 411
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"Consumer expectations of ever-higher living standards were fuelled 
by more lenient and readily available bank lending, the subsequent 
booms in construction and property market sectors, .... Social status 
and identity became closely associated with consumption, in 
particular with the concept of luxury. Identifying oneself with the 
good life meant being able to live beyond traditional understandings 
of basic needs. Debt was the price one paid for the joys of being 
part of a hedonistic consumer culture."

Kenneth Dyson.The Morality of Debt.
Foreign Affairs. May 3, 2015
https://www.foreignaffairs.com/articles/2015-05-03/morality-debt
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