In praise of America’s car addiction
How vehicle-dependence makes the country fairer and more efficient
No tradition is sacred—not even trick-or-treating. In recent Halloween festivities, many Americans switched to trunk-or-treating. Instead of going door-to-door on neighbourhood streets, children shuffled between cars in parking lots and collected candy from their open boots, which were bedecked by giant spiders and terrible ghouls. It was the latest demonstration of something that has long been true: cars have a remarkably tight grip on American life. America is far more car-reliant than any other big country, averaging roughly two vehicles per household. This, in turn, is linked to many ills: obesity, pollution, suburban sprawl and so on.
Explore more
This article appeared in the Finance & economics section of the print edition under the headline “Room to vroom”
Finance & economics November 11th 2023
- Are politicians brave enough for daredevil economics?
- America’s economic might gives it little sway in the Middle East
- America’s bad auto loans could have nasty consequences
- Forget the S&P 500. Pay attention to the S&P 493
- Why American manufacturing is becoming less efficient
- The Chinese yuan is losing value, yet gaining ground
- In praise of America’s car addiction
More from Finance & economics
China meets its official growth target. Not everyone is convinced
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s
Ethiopia gets a stockmarket. Now it just needs some firms to list
The country is no longer the most populous without a bourse
Are big cities overrated?
New economic research suggests so
Why catastrophe bonds are failing to cover disaster damage
The innovative form of insurance is reaching its limits
“The Traitors”, a reality TV show, offers a useful economics lesson
It is a finite, sequential, incomplete information game
Will Donald Trump unleash Wall Street?
Bankers have plenty of reason to be hopeful