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> At the root of that failure is a lack of building, especially near the thriving cities in which jobs are plentiful. I think the biggest economic policy failu
by RcouF1uZ4gsC 6y ago
> At the root of that failure is a lack of building, especially near the thriving cities in which jobs are plentiful.
I think the biggest economic policy failure of the West is the hyper-concentration of high-paying jobs and enormous wealth in a few cities. What percentage of wealth do New York, Seattle, San Francisco, Los Angeles, and London represent?
The truth is as long as the wealth is hyperconcentrated in these cities, you can densify all you want, but you are still going to have massive inequality as to who can afford housing and, because of politics, massive advantages of people already there versus newcomers.
In this age of jet aircraft, high speed rail, and high speed internet, it is a shame that we still cannot spread out the economic opportunities over larger areas.
- shuckles 6y agoJet aircraft, HSR, and high speed internet are all relatively modern - newer than all the cities in your list - and require infrastructure which concentrates population growth. Have you tried pricing out the cost of Comcast trenching cables to a disconnected homestead? Now do an airport or HSR line.
- imtringued 6y ago>In this age of jet aircraft, high speed rail, and high speed internet, it is a shame that we still cannot spread out the economic opportunities over larger areas. Actually, this only makes thing worse, because your boss gets to decide where you live. After all, you can easily reach all your customers from a single location thanks to these technologies.