Economy

Countering the prevalent gloom, The Atlantic’s provocative March 2009 front cover asks “How The Crash Will Reshape America,” with a counter-intuitive sub-title reading “The Sunbelt Fades, New York Wins.”

Richard Florida, the urban theorist and author of the seminal book, The Rise of the Creative Class, is talking about a fundamental “reset” in the North American economy as a consequence of the crash.

Richard Florida is talking about a fundamental “reset” in the North American economy as a consequence of the crash.

The shakeout in global banking has untethered more than a quarter of a million people, most of them in New York and London, who thought they were in secure, well-paying jobs.

In Richard Florida’s recent piece for the Atlantic, “How the Crash Will Reshape America,” he foresees a more concentrated population centered around cities, leading to the further expansion of mega-regions – systems of multiple cities and their surrounding suburbs – based on their ability to offer higher paying jobs and attract the best talent.

“The Suburbs Lose, The Sun Belt Fades, San Francisco Wins: How the Crash Will Reshape America.”

In this month’s Atlantic Monthly, Richard Florida’s piece “How the Crash Will Reshape America” argues that while New York City will be hobbled by the global financial melt-down, it will be in a better position than many other financial centers. A look at Denver’s position and the Create Denver Expo which provided workshops and seminars for local artists interested in learning more about the business, legal and marketing aspects of the creative industries and to meet others in their community exploring the same challenges.

A look at Richard Florida’s article in The Globe and Mail revealing the argument that both the American and Canadian governments’ recent stimulus packages are doomed to failure.