It was recently reported that Washington D.C. has taken over New York City's lowest office vacancy record. AS large government agencies such as TARP increase in size jobs drain out of NYC. This is more important than meets the eye. American culture has focused on the separation between business and politics but it seems that they are becoming more and more connected, something that is not encouraged by the constitution. To prevent this the capitol was built far from the thriving founding area of Boston, and New York. As time went by the distance between these cities and the nations capitol have shrunk to the point where DC has taken the lead. Previously defense contractors were the only ones with such proximity to the government, where as now hundreds of firms require this same attribute. The Federal Government is now a majority owner of many companies such as General Motors and AIG merging the gap between government and business. This decreases the American idea of a capitol city having a specialized location for a specific task.
I think that this decreases the very idea of capitalism. It is not good for a market economy to have too much government interference. However in hard economic times it is good to have government involved and halping out. I am interested to see that new york is falling behind the capitol but hopefully it wont last too long.
Tuesday, January 12, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment