Why American Cities Are Broke - The Growth Ponzi Scheme [ST03]
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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 and suburbs are financially insolvent, and function like a Ponzi scheme. This is the reason most American cities are bankrupt.
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This video is a summary of the “Growth Ponzi Scheme“ articles, published by Strong Towns:
Strong Towns publishes a lot of cases studies of American municipal insolvency. Here are a few of them:
There is a lot more to read, too! Strong Towns has a library of articles about building strong and resilient towns and cities that goes back over 15 years:
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Other References & Video Sources:
Give Yourself the Green Light (1954) (Public Domain)
Henry Jamison Handy
According to Plan: The Story of Modern Sidewalls for the Homes of America
Henry Jamison Handy
Settlement Pattern and Form with Service Cost Analaysis
Halifax Regional Municipality - Regional Planning
Traditional Development - #6 in the Strong Towns Curbside Chat Video Series
Strong Towns (YouTube):
Chapters:
0:00 Intro
0:05 The History of Sprawl
1:03 What is a Ponzi Scheme?
1:51 The Problem
2:19 How it Started
4:17 Graphical Examples
6:27 The Excuses
7:35 The Canadian Example
8:12 Conclusion
9:02 Patreon Shoutout
9:18 Outro
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