Yeah, you’re right, but for most of history they were net population sinks that generated outsized investment returns. Today they’re not population sinks because of sanitation etc. etc.
I know I’m being imprecise and handwavy, so feel free to ignore me, but really my thought was just that lots of things look vaguely like ponzi schemes without getting into more details than most people are going to pay attention to.
That… does not seem like a historically accurate account of the formation and growth of cities.
Yeah, you’re right, but for most of history they were net population sinks that generated outsized investment returns. Today they’re not population sinks because of sanitation etc. etc.
I know I’m being imprecise and handwavy, so feel free to ignore me, but really my thought was just that lots of things look vaguely like ponzi schemes without getting into more details than most people are going to pay attention to.