Category: Cities

Fiscal autonomy = Political autonomy: Part 2, Obstructing his policies

1 December, 2017 (09:00) | Borrowing, Capital markets, China, Cities, Development, Government, Housing, money laundering, Municipal finance, Politics, Speculation, SPVs |

By: David A. Smith [Continued from the previous Part 1.]   As we saw in Part 1, using as the jumping-off-point a disappointingly credulous article in the Economist (November 16, 2017), China’s provinces, territories, and municipalities have indulged in an orgy of off-balance-sheet financing, using Local Government Financing Vehicles.  They did so partly for fiscal […]

Fiscal autonomy = Political autonomy: Part 1, Not subject to the same rules

29 November, 2017 (09:00) | Borrowing, Capital markets, China, Cities, Development, Government, Housing, money laundering, Municipal finance, Politics, Speculation, SPVs |

By: David A. Smith   As every child who’s ever had an allowance knows, among its many virtues money provides autonomy – and almost as good (sometimes better), unobserved autonomy – the freedom to buy what I want, not what my distant imperious parent wants, and not have to listen to a lecture about it […]

Leadership principles from Boom Beach

27 November, 2017 (09:00) | Boom Beach, Cities, Games, Incentives, leadership, Management, Milennials, multi-player games, Regulation, teams, Theory |

  By: David A. Smith   I’m the leader of a 25-player global task force, and even though I theoretically have dictatorial powers, in fact to succeed I need to be a good manager – especially of Millennials.   Average age probably 20; average gender male!   Now that we are all hypnotized by our […]

Time’s path dependency

30 October, 2017 (09:00) | Cities, Engineering, England, Infrastructure, Patton, roads, Romans, Theory, Water |

   By: David A. Smith     Patton prepared himself [to command Third Army in France] by reading The Norman Conquest to determine what roads William the Conqueror had utilized centuries earlier during his campaigns in Normandy and Brittany.    If an army marches on its stomach, a mechanized army rolls on its roads   […]

The technology of urban verticality: Part 12, Broadband wi-fi

5 September, 2017 (09:00) | cement, Cities, Electricity, Elevators, Housing, Infrastructure, Innovation, plumbing, Rome, Sanitation, Speculation, Technology, telephone, television, Theory, Toilets, Verticality, wi-fi |

By: David A. Smith   [Continued from the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, Part 9, Part 10, and Part 11.]     12.       Broadband wi-fi (1997, Vic Hayes)   Broadband wi-fi? thinks the reader.  Wouldn’t that eliminate the comparative advantage of cities and […]