Is New York City On The Decline?

Modern technology and transportation allows people to move away from cities. Is New York City's current crisis a harbinger for the decline of cities?

"The larger issue implied by New York's current crisis is whether cities are as important as they once were... the economic and social benefits of proximity are offset by the higher cost attendant to city life. On the margin, when these costs outstrip the benefits, people move away from the city and rely on the virtual proximity created by today's technology and cheap transportation."

Thanks to Mike Sabel

Full Story: Rotting Apple: The Future of New York City

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