The Corner

Economy & Business

Today in Capital Matters: Cities

Joel Kotkin goes in-depth on the future of cities and the trends that are changing the way they might look:

We seem to be at the beginning of a new epoch, much as occurred during the rise of mercantile cities after the Middle Ages and the emergence of industrial cities in the 19th century. Now we are seeing the fading of what Jean Gottman described four decades ago as the “transactional city,” an economy based on finance, high-end business services, and information. In this city, urban grandeur has been defined not by great cathedrals or palaces but soaring office towers. That made sense at the time, but now these ultra-tall buildings are becoming as anachronistic as the old factories that once drove urban economies. For one thing, notes one analyst, firms that once needed a whole floor just to tap their computing power can now perform most of their technical tasks remotely.

Read the whole thing here.

Dominic Pino is the Thomas L. Rhodes Fellow at National Review Institute.
Exit mobile version