For decades, superstar cities could thrive and grow despite high taxes, expensive housing and poor policy choices. The pandemic’s surge in remote work has changed that for good. Governance matters more than ever.
As they compete with one another for new residents and tourists, how US cities and municipalities brand themselves has become more and more important. In 2019,
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009 was divided equally between "for her analysis of economic governance, especially the commons" and "for his analysis of economic governance, especially the boundaries of the firm".
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The Social Order
Vincent Orr is building wealth the old-fashioned way: scrimping, saving, and sweating. A Detroiter and Fiat Chrysler production supervisor, Orr made his first big investment in 2017, when he bought a brick house with a caved-in roof at auction for $2,100. After months of renovations, it was ready for his mother to move in to. In 2019, he paid $1,200 for the place next door for himself and started all over again.
In addition to countless hours of labor, Orr invested $100,000 of his own money for the materials needed to rebuild his little corner of the Motor City. Taking out a loan wasn’t really an option. As he told the