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The end of New York’s sustained growth was a policy decision, not something that just happened so it’s a particularly bad example. It was a massive unforced err
by barry-cotter 4y ago
The end of New York’s sustained growth was a policy decision, not something that just happened so it’s a particularly bad example. It was a massive unforced error, like the Chinese government going after all its internet giants with a hammer. If you have an engine of economic growth you don’t deliberately hobble it.
- Throwawayaerlei 4y ago"a massive unforced error, like the Chinese government going after all its internet giants with a hammer" Depends on who's viewpoint you're talking about. The Xi and CCP are so far presumably very happy with the results, because those companies are no longer much of a threat to their power. Who made the decisions to end New York's sustained growth?
- yunwal 4y ago> If you have an engine of economic growth you don’t deliberately hobble it Why not? NYCs economy is already plenty large. It’s not clear to me that adding thousands of extra hypergrowth startups to the mix does anything to actually improve the city. Just more transplant office workers, many who don’t really like NYC, and don’t really gain much from living in the cultural center of the US.