Tag Archives: Amazon

Why Amazon HQ2 Is Good For New York City | Markets Are Dumb 7

So what’s more important, the short-term pain of vulnerable populations in New York City or the long-term health of the city? Actually it’s a trick question. It’s not an either/or sort of question. New York City’s vulnerable populations are just as reliant on the success of the city as the rich and famous are. More so actually. NYC has been the prime example of the “Blue Model of Government” for quite some time. Public Sector Unions own the city (and the state). The largest public housing blocks in the country are a dominant feature of the architectural landscape. There’s a lot of mismanagement and waste in the education and social services sectors, but there’s also a lot of impressive work being done, that couldn’t be done elsewhere. New York’s mix of wealth and poverty is unique.

All of this, the good and the bad, is reliant on New York retaining its position as the country’s dominant economic hub. If the golden goose flies south, the place will fall apart. Sure, the rent would get cheaper, but a lot of the social services would just evaporate. I wasn’t actually joking when I compared NYC to Detroit, the US city that has lost over half of its population over the past fifty years. For those who think the comparison is ridiculous, I suggest you take a walk through the Bronx, a part of New York City that still hasn’t recovered from New York’s last economic collapse. Today’s video may seem callous in privileging the interests of business over poor New Yorkers, but I don’t think that’s what I was doing at all. The interests are the same.

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Video Transcript after the jump…

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Amazon HQ2 Is A Scam | The Capital I

The Amazon HQ2 competition has gotten a lot of attention. People aren’t thinking this through. There is one location that is almost certain to get the new headquarters. Washington, DC is where the future of Amazon as a company will be decided, so that’s where Amazon needs to be. All this other stuff is window dressing, and information gathering for Amazon’s already formidable data machine.

I’ve decided to use this video to kick off another one of my periodic jeremiads about the growing centralization of power in the United States, and the fact that all that power is pouring towards Washington, DC, or at least will be. Back before Trump was elected I used French history to illustrate what happens when you do away with local sources of power. Also of interest is my discussion of the true network of power that runs the united states, and my long discussion of the military industrial complex.

If you’d like to earn my undying gratitude, please click here to support this project through Patreon. Please do reach out to us through Twitter, Facebook, Youtube, or our e-mail newsletter.

Video Transcript after the jump…

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