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Mega-Regions and High-Speed Rail - Richard Florida
The history of capitalist development is the history of the more expansive and intensive use of space. Post-war suburbs, the rise of larger metropolitan areas, the development of multi-nodal regions with edge cities as well as downtown cores are part and
Creative Class » Blog Archive » Creative Toronto - Creative Class
The compelling city allows for an intermingling of all creative players. And it’s that potent mix which inspires us to stay.
The Atlantic Online | March 2009 | How the Crash Will Reshape America | Richard Florida
the financial crisis may ultimately help New York by reenergizing its creative economy. The extraordinary income gains of investment bankers, traders, and hedge-fund managers over the past two decades skewed the city’s economy in some unhealthy ways.
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The University of Chicago economist and Nobel laureate Robert Lucas declared that the spillovers in knowledge that result from talent-clustering are the main cause of economic growth. Well-educated professionals and creative workers who live together in dense ecosystems, interacting directly, generate ideas and turn them into products and services faster than talented people in other places can. There is no evidence that globalization or the Internet has changed that. Indeed, as globalization has increased the financial return on innovation by widening the consumer market, the pull of innovative places, already dense with highly talented workers, has only grown stronger, creating a snowball effect. Talent-rich ecosystems are not easy to replicate, and to realize their full economic value, talented and ambitious people increasingly need to live within them.
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Los Angeles is a mecca for media and entertainment; San Jose and Austin developed significant, innovative high-tech industries; Houston became a hub for energy production; Nashville developed a unique niche in low-cost music recording and production; Charlotte emerged as a center for cost-effective banking and low-end finance.
But in the heady days of the housing bubble, some Sun Belt cities—Phoenix and Las Vegas are the best examples—developed economies centered largely on real estate and construction. With sunny weather and plenty of flat, empty land, they got caught in a classic boom cycle. Although these places drew tourists, retirees, and some industry—firms seeking bigger footprints at lower costs—much of the cities’ development came from, well, development itself. At a minimum, these places will take a long, long time to regain the ground they’ve recently lost in local wealth and housing values.
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A psychological tour of the United States, in five maps.
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This fuels a process of selective migration whereby agreeable and conscientious regions are drained of the most driven, most creative, and most mobile - only reinforcing their psychogeographic profiles, while magnifying the innovative edge in places where open-to-experience types concentrate.
Our evolving psychogeography means that our nation, its people, and its regions continue to sort themselves not just by education and skill, but by personality as well.
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