How The Crash Will Reshape America (Richard Florida)

(Community Matters) from the March ’09 Atlantic 

The crash of 2008 continues to reverberate loudly nationwide—destroying jobs, bankrupting businesses, and displacing homeowners. But already, it has damaged some places much more severely than others. On the other side of the crisis, America’s economic landscape will look very different than it does today. What fate will the coming years hold for New York, Charlotte, Detroit, Las Vegas? Will the suburbs be ineffably changed? Which cities and regions can come back strong? And which will never come back at all?

It’s a long piece, and I haven’t yet had a chance to finish.  I haven’t anticipated a reordering of global economic power, though have assumed we will not share.  And, I have great faith in the resilience of the American economy – definitely remember the cries for MCC and Sematech when we feared the Japanese economy was overtaking our own.  Nonetheless, sharing power wouldn’t be a bad thing.  And, I would definitely expect domestic realignments, Austin faring well if we’re ambitious and deliberate – thus my support for Brewster for mayor over another friend, Leffingwell.  The conversation gives context to Heather’s and Bijoy’s work mentioned in the post below.

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