Finance Is Ruining America

[Appleseed]

I hear you, and ask myself the same question over here (because that happens quite a bit in Europe, too) ... the answer generally offered (e.g. by property developers, civil servants and relevant quasi-autonomous non-governmental organisations) is that because of their antiquated structures etc., the refurbishment costs for such buildings to be brought into habitable condition do actually often far outweigh the equivalent accommodation newbuild costs. I'm "just saying" ...

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The popularity and success that is now going on with existing infrastructure in cities where industrial buildings and older apts.... that are being recycled in cities, is a strong augment that outweigh the costs. This can be seen in the demands that are driving RE sales and values up.
Further public transportation is easily expanded with rails,buses, etc in cities as they impact the environment less in large metropolitans with there existing infrastructure
as opposed to the new suburban developments.

These are the reasons that millennials, baby boomers and others are moving to cities like Philadelphia.
The advantages are many,..... where the reliance on the auto ownership,long commutes,5000 sq,ft mansions are all being reduced and eliminated
The future is now and changing
cheers
john

 

[Humpy]

Here in the UK the feeble politicians won't try and protect our best companies. It seems they are overawed by the finance vultures who make millions selling them off. A case in point at the moment is ARM Holdings. A world leading chip designer and manufacturer being currently sold off to asset strippers. One suspects some of the directors have been paid off already in anticipation. When a country is left only with the second rate companies it is a sad day, especially for youngsters seeking top jobs. A typical case of selfish capitalism putting their own interests before the national interest. For the longer term outlook it is important to support the best.

 

[931]

 

[felixbocharov]

Wake up, Finance is running the entire World

 

[Arnie]

Her article is based on a somewhat bizarre premise.

Why would she expect money to flow to an industry in decline (manufacturing) and away from one on an incline (investment/finance)?
How can she conclude that finance ruined manufacturing. There was never any demand for more money from manufacturing. Why would there be? It's in decline as her article makes clear.

 

[931]

Sorry for offtopic