“Believing that hipsters can reverse the consequences of late-stage capitalism is a more attractive thought for city planners in cash-strapped cities than realizing that many American cities are, for now, screwed thanks to postindustrial decline and growing inequality. Gentrification may provide a new tax base, but it also reshapes what cities are, turning them into explicit supporters of inequality, reliant on it to self-fund, yet still unable to meet the needs of their poor. A real solution to the economics of American cities would require more work—more taxes, more laws, more intervention from the federal government. Those things are hard. Gentrification is easy.”
Tag: 03.09.17
Art Market Slump? This Week’s Auctions Suggest Otherwise
“Three major contemporary art auctions this week brought a total of 229 million pounds, or about $280 million — a sharp increase over the £152.2 million raised by equivalent events in February 2016. The sales at Christie’s, Sotheby’s and Phillips suggested the world’s wealthiest collectors were eager enough to spend money in London.”
Martin Filler: How The New World Trade Center Ended Up A Great Big Mess
“Who was really in charge of the undertaking remained a persistent and vexing question. As the latest studies make abundantly clear, the transformation of the World Trade Center site was hampered to a shameful degree by the intransigent self-interest of both individuals and institutions. As a result, an effort ostensibly meant to display our country’s unified spirit in response to an unprecedented calamity instead revealed that communal altruism of the sort that helped America to survive the Great Depression and triumph in World War II had largely become a thing of the past. Although all major construction schemes face tremendous problems, the World Trade Center rebuilding encapsulates everything that is wrong with urban development in a period when, as in so many other aspects of our public life, the good of the many is sacrificed to the gain of the few.”
The Rebuilding Of The World Trade Center Reveals The Glaring Failures Of Our New Cities
“Although all major construction schemes face tremendous problems, the World Trade Center rebuilding encapsulates everything that is wrong with urban development in a period when, as in so many other aspects of our public life, the good of the many is sacrificed to the gain of the few.”