Season 1 · Episode 340
Future Cities, Unequal Cities
American cities create wealth and breed inequality. How much of that is down to the funding structure and how much is, as Richard McGahey suggests, down to an anti-urban bias? He joins Phil and Steve on this week’s podcast.
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
March 1, 202341m 49s
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Show Notes
This week on Debunking Economics Phil and Steve are joined by Richard McGahey, author of a new book “Unequal Cities: Overcoming anti-urban bias to reduce inequality in the United States”. One of the problems the US faces is that cities, by and large, are self-funded, with little in the way of federal or state support, beyond minimal welfare programmes. And cities compete with each other to survive. As Steve points out, being self-sufficient within an organism is not how organisms function properly. But that’s how the American economy is structured. And Richard suggests that the US is losing out, because properly funded cities are the most productive aspects of an economy, provided the ills of city living, such as pollution, congestion and social inequality, are funded and managed.
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