Our great, global cities are turning into vast gated citadels where the elite reproduces itself

Our great, global cities are turning into vast gated citadels where the elite reproduces itself

– Simon Kuper, Financial Times

Global cities are becoming patrician ghettos. In 2009, says Sassen, the top 1 per cent of New York City’s earners got 44 per cent of the compensation paid to its workers. The “super-prime housing market” keeps rising even when the national economy collapses. After Manhattan, New York’s upper-middle classes are being priced out of Brooklyn.

Leave a Reply

Your email address will not be published. Required fields are marked *