The recent passage by Congress of new legislation favourable to loosening controls on risky Wall Street trading is just the most recent example of the consolidation of plutocratic power in Washington. read more »
We’ve come to the end of another year at New Geography. Here’s a look back at the most popular pieces from 2013. Happy New Year, and thanks for reading.
12. The Rust Belt Roars Back from the Dead In December, Joel and Richey Piiparinen laid out the case for the rustbelt resurgence based on human capital and a new maker economy. This piece also appeared at The Daily Beast.
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In the past, this season was marked by a greater interest in divinity, the family hearth and the joy of children. Increasingly our society has been turning away from such simple human pleasures, replacing them with those of technology.
Despite the annual holiday pageantry, in the West religion is on the decline, along with our society’s emphasis on human relationships. Atheism seems to be getting stronger, estimated at around 13 percent worldwide but much higher in such countries as Japan, Germany and China. “The world is going secular,” claims author Nigel Barber. “Nothing short of an ice age can stop it.” read more »
The Internet Tax Freedom Act (ITFA), signed into law by President Clinton in 1998 and extended three times since, was scheduled to expire on November 1, 2014 if Congress did nothing – which they are very good at. ITFA placed a moratorium on new taxes either for Internet access services or for products and services not already taxed in local commerce. A more definitive action, the Marketplace Fairness Act (MFA), has been attached to various versions of the ITFA renewals. read more »
Once giants walked this earth, and some of them were Democrats. In sharp contrast to the thin gruel that passes for leadership today, the old party of the people, with all its flaws, shaped much of the modern world, and usually for the better. Think of Franklin Roosevelt or Harry Truman, John Kennedy, or California’s Pat Brown, politicians who believed in American greatness, economic growth, and upward mobility. read more »
Over the last fifty or sixty years most towns have been dedicated to accommodated cars in order to cultivate business and permit people to live better more convenient lives. For new developments out in a former corn field this was effortless since everything was custom built with the automobile in mind. But older towns that had been built prior to mass motoring were at a distinct disadvantage. read more »
60 Minutes ran a segment recently called “Falling Apart” that was another alarmist take on the state of American infrastructure. I’ll embed here but if it doesn’t display for you, click to CBS News to watch (autoplay link).
We’ve seen this story before. America’s infrastructure is falling apart and we need to spend many billions on upgrades, but politicians won’t agree because they are too craven. read more »
Much has been made of Japan’s latest relapse into recession. For the most part, economists have focused on the efficacy of the once much-ballyhooed “Abenomics,” the stimulus and structural reform program that was seen as the key to turning around the island nation’s torpid economy. read more »
There’s plenty of blight out there. Inner city blight, failing suburban blight, long lost rural small town blight… empty storefronts, boarded up buildings, dead streets. There’s simply no government program that’s going to bring these places back to life. No Wall Street investment scheme is likely to revive these places. Developers have no economic incentive to do anything with these buildings. Banks are risk averse and will not fund investments here. However, many of these forlorn spots exist within otherwise populated and potentially healthy neighborhoods. read more »
Where Cities Grow: The Suburbs
The massive exodus of people from rural areas to urban areas over the past 200 years has been called the "great urbanization." For more than two centuries, people have been leaving rural areas to live in cities (urban areas). The principal incentive has been economic. But most of this growth has not taken place close to city centers, but rather on or beyond the urban fringe in the suburbs (and exurbs). Appropriately, The Economist magazine refers to the urbanization trend as the "great suburbanization," in its December 6, 2014 issue (PLACES APART: The world is becoming ever more suburban, and the better for it). read more »