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This was confusing. The narrator leads by saying that cities are ponzi schemes and supports this by showing a cash flow graph, but that graph doesn't seem to be
by defertoreptar 6y ago
This was confusing. The narrator leads by saying that cities are ponzi schemes and supports this by showing a cash flow graph, but that graph doesn't seem to be grounded with any examples. I find it surprising that long term maintenance costs more than the long term tax revenue growth. I would've liked to see more evidence that these cities really are unsustainable.
- kiliantics 6y agoThe source for the video provides examples and case studies: https://www.strongtowns.org/journal/2011/6/14/the-growth-ponzi-scheme-part-2.html https://www.strongtowns.org/journal/2011/6/14/the-growth-pon...