Tuesday, June 18

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

Simon Kuper writes in the Financial Times:
"Global cities are turning into vast gated communities where the one per cent reproduces itself. Elite members don’t live there for their jobs. They work virtually anyway. Rather, global cities are where they network with each other, and put their kids through their country’s best schools." …
"All through history, bright young people migrated to metropolises…To buy in these cities now, you must either earn a fortune or inherit a house there – and often the same people do both. Outsiders who reach the city late rarely have the education and contacts to succeed."
Priced out of Paris