In this month’s Atlantic, Richard Florida talks about the America that will emerge from the rubble of the current recession.
Too bad he hasn’t spent more time in the Rainy City, or we might have gotten our own cover, like they did in New York, San Francisco, Chicago and Toronto, proclaiming our coming hegemony. No matter. For the America Florida describes is one where cities like Seattle will get all the candy.
No one will escape some serious hurt, Florida says, but some cities will find themselves bouncing back a lot faster.
And some might not bounce back at all. Gone are the days of easy credit fueling growth, Florida says. That will hurt some Sun Belt cities like Phoenix and Las Vegas and the fauxconomies that formed there based largely on speculation and flipping.
Also beaten back (again) is the long-suffering rust belt and its dated manufacturing and distribution core. Wisteria Lane-type suburbs will also find a hard time attracting people and growth to their sprawling reaches.
Ironically, Florida argues, cities like New York, the financial centers of the U.S., the ones where much of the damage was done that caused this crash in the first place, will emerge stronger than ever thanks to diverse economies and concentrations of highly educated people.
Florida describes a post-crash America where talent clusters in super-dense mega-regions will rule the day, places with lots of intellectual capitol and the ability to keep attracting those types of people. Places like Cascadia (which he actually mentions by name).
He argues the new administration would be wise to divert resources to those areas to keep people and capitol moving and ready for the economy of the future.