James Howard Kunstler has written that Suburbia will be the largest waste of money and physical assets in human history.
The end of the age of oil means that just about everything will be useless too. Below is just the transportation component of private and government assets.
$6.1 Trillion dollars of Transportation equipment and structures.
Total private and public fixed assets were $46.4 trillion in 2011 (current U.S. dollars). Transportation equipment and structures (private and public) accounted for nearly 12% percent of the total.
The components of transportation fixed assets and their values are
- private transportation equipment ($1.04 trillion)
- private transportation structures ($680 billion)
- government transportation structures ($3.77 trillion)
Fixed assets include both passenger and freight transportation. See the Bureau of Economic Analysis at www.bea.gov/national/FA2004/index.asp, tables 2.1, 3.1s, and 7.1b.
1 Includes trucks, truck trailers, buses, automobiles, aircraft, ships, boats, and railroad equipment.
2 Includes physical structures for all modes of transportation. Source: U.S. Department of Commerce, Bureau of Economic Analysis, National Economic Accounts, Fixed Assests Tables, tables 2.1, 3.1s, and 7.1b