I am very doubtful that Venice has some latent value outside of Tourism. There are many reasons it fell out of power while other cities flourish and thrived dur

I am very doubtful that Venice has some latent value outside of Tourism. There are many reasons it fell out of power while other cities flourish and thrived during the same period. This isn't a case like Singapore where land is limited because you could just live in the mainland. The buildings are all historical treasures so modernizing the infrastructure is probably out of the question. So business need to thrive in a place that is hard to access, can't grow, and can't modernize itself. Don't get me wrong, I love the place but the only people who live there are Millionaires that use those houses as vacation homes half the year and don't contribute much to the local economy. The local craftspeople are all masters so only the most wealthy could afford their wares so they have been replaced by Chinese souvenir shops. It's definitely a shame but I don't see how a common Italian person is supposed to reap the benefits of less tourism.