This Ponzi Scheme Might END Suburban Prosperity

 178,345 views Mar 24, 2023

Part of the transcript: "...we often describe the

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post-world War II growth development

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pattern as the growth Ponzi scheme like

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any metaphor the comparison isn't exact

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but it's helpful for understanding how

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financially unsustainable our places

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have become at its core a Ponzi scheme

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is an investment scheme in which early

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investors are paid with money put up by

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later ones it's fooled people because

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everyone wants amazing returns this is

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why get rich quick schemes are

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everywhere because they prey on our fear

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of missing out swindlers promise results

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but in reality they're just funneling

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money from new investors to earlier ones

Join a local conversation in YOUR neighborhood https://www.strongtowns.org/local Come to our National Gathering! https://www.strongtowns.org/national-... Vote in our Strongest Town Contest: https://www.strongtowns.org/strongest... Merch: https://www.strongtowns.org/shop > Lots of case studies here: https://www.strongtowns.org/journal/2... The Growth Ponzi Scheme, also called the "Municipal Ponzi Scheme," is a core Strong Towns insight describing the financial characteristics of post-war North American growth patterns.In the Growth Ponzi Scheme, municipalities receive the modest near-term financial benefits from new development in exchange for the larger long-term financial commitments of providing ongoing service and maintenance. The Growth Ponzi Scheme is not nefarious; there is not a specific individual or group that has created it for their own benefit. It has emerged from a broad cultural consensus about economic growth, development patterns, and debt. So what can you do?