Recently, it’s been suggested that the collapse of the Ponzi scheme of spending and taxing inherent in sprawling development patterns may be responsible for pushing municipalities to the brink of bankruptcy. Ariel Godwin applies a quantitative analysis to examine whether there is, in fact, a correlation between city form and expenditures. Exclusive
With no advance warning, residents of the large city of Chaohu were told on August 22nd that their city no longer existed. The city's land and people are now divided into 3 and incorporated into other nearby cities.
