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Why American Cities Are Broke - The Growth Ponzi Scheme [ST03]

Watch this video ad-free on Nebula: https://nebula.tv/videos/not-just-bik... 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. If you learned something from this video, consider donating to Strong Towns: https://strongtowns.org/membership Watch the rest of this series here:    • Strong Towns   Sign up to Nebula and watch ad-free and sponsor-free: https://go.nebula.tv/notjustbikes Patreon:   / notjustbikes   Twitter:   / notjustbikes   Reddit:   / notjustbikes   One-time donations: https://notjustbikes.com/donate NJB Live (my bicycle livestream channel):    / @njblive   This video is a summary of the "Growth Ponzi Scheme" articles, published by Strong Towns: https://www.strongtowns.org/journal/2... https://www.strongtowns.org/journal/2... https://www.strongtowns.org/the-growt... https://www.strongtowns.org/journal/2... https://www.strongtowns.org/journal/2... https://www.strongtowns.org/journal/2... https://www.strongtowns.org/journal/2... https://www.strongtowns.org/journal/2... Strong Towns publishes a lot of cases studies of American municipal insolvency. Here are a few of them: https://www.strongtowns.org/journal/2... https://www.strongtowns.org/journal/2... https://www.strongtowns.org/journal/2... https://www.strongtowns.org/journal/2... https://www.strongtowns.org/journal/2... https://www.strongtowns.org/journal/2... https://www.strongtowns.org/journal/2... https://www.strongtowns.org/journal/2... 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: https://www.strongtowns.org/stmedia --- Other References & Video Sources: Give Yourself the Green Light (1954) (Public Domain) Henry Jamison Handy https://archive.org/details/GiveYour1954 According to Plan: The Story of Modern Sidewalls for the Homes of America Henry Jamison Handy https://archive.org/details/Accordin1952 Settlement Pattern and Form with Service Cost Analaysis Halifax Regional Municipality - Regional Planning https://usa.streetsblog.org/wp-conten... Traditional Development - #6 in the Strong Towns Curbside Chat Video Series Strong Towns (YouTube):    • Traditional Development - #6 in the S...   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