Leave a city only if you are rich, very rich

Wednesday, June 07, 2017 Francisco Carneiro 0 Comments

Cities nurture anonymity, which liberates people to pursue their dreams. they are magnets for individuals and business.they are diverse, in terms of activities they support, skills they generate, and populations they attract. They create economies of scale and scope. They produce complex networks of exchange, including with other cities. Not least they can supply transportation, communications, water supply, sewerage, energy, health and other services far more efficientely than either rural or sprawling suburban areas.

Martin Wolf


The divide between larger cities and the rest may be a problem we get used to. Humanity has had millennia of practice. The gap is as ancient as the bible. Rural folk have always resented city ways, just as urban denizens have always looked down on provincials

Edward Luce, FT yesterday


The biggest cause is the changing nature of work. As jobs have shifted from manufacturing to services, so the returns on education have risen. We live in an age of scarce human capital. Most graduates and post graduates prefer to live in larger cities, where they can rub shoulders with their peers. They often have more in common with the denizens of big cities in other countries than they do with their suburban neighbours.

Edward Luce, FT yesterday


The less well-off find it increasingly hard to live in large urban hubs. For the first time a majority of America’s poor now live in suburbs, which are largely invisible top elites.


Edward Luce, FT yesterday


opportunity and options are much bigger in cities. as Ed Luce says the returns of education have gone up big but only in cities.

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