Friday, 22 January 2021

How America Bankrupted its Cities - The Growth Ponzi Scheme

quote [ This is the 3rd video in the Strong Towns series, and is probably the most important core topic: the fact that American car-dependant cities are financially insolvent, and function like a Ponzi scheme. This is the reason most American cities are bankrupt. ]

You'll never guess the secret ingredient to keeping all these suburbs afloat.
[SFW] [environment & nature] [+6 Informative]
[by steele@7:38pmGMT]

Comments

endopol said @ 11:51pm GMT on 22nd Jan [Score:2 Informative]
The Strong Towns project is awesome in its impact and simplicity. It's like the Origin Of Species for city development.
5th Earth said @ 3:34am GMT on 23rd Jan
Hell, real estate investment itself is a Ponzi scheme, for the most part.

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