New NJB: Bankrupt American Cities & Debt (Strong Towns)
Added 2021-04-05 12:30:19 +0000 UTCHi Everyone!
I'm pretty late on the fortnightly video due to the Easter holidays, so you're not getting much advanced access to this. Sorry! It goes live at 9PM tonight, and I'll be live chatting from 8:30PM (Amsterdam time).
This is the 4th "Strong Towns" video, and his one is about municipal bankruptcy and debt. It's the follow-on to the Growth Ponzi Scheme.
Here's the blurb:
For centuries, cities used to be built incrementally. Improving and building on successful places, and changing or abandoning unsuccessful places. This changed in America in the 1940s, when whole neighbourhoods were built on the edge of town, to a completed state. After several generations, many of these places are financially insolvent, but are propping themselves up with an ever-growing mountain of debt.
Enjoy!
