28 Jun

Grist – The American suburbs are a giant Ponzi scheme

What we have found is that the underlying financing mechanisms of the suburban era — our post-World War II pattern of development — operates like a classic Ponzi scheme, with ever-increasing rates of growth necessary to sustain long-term liabilities.

via Grist – The American suburbs are a giant Ponzi scheme. I can’t say I agree with this, but it fits my perception of America’s infrastructure.