Who’s in Your Wallet?
Many great cities over developed for one important reason. They were at crossroads, or at bays, river crossings, or safe harbors. Some were near resources to be harvested or emerging roads, tracks, or caravan routes. They grew because they were or would become markets. Markets towns enabled trade, commerce, and exchanges that enabled value creation. Agriculture, mining, cattle, diamonds, forestry … all types of enterprises emerged, so that exchanges could be made, with money or barter as instruments. We could get and sell stuff. For most of human history, markets were visible, tangible, and somewhere we travelled to buy or sell. This tangible requirement and the transportation linkages determined life or death to commerce and the development of cities. Ask the railroad towns that were bypassed by the interstate highway system or mining towns that had no metals or minerals left to harvest. Our conquest of time and space over centuries has shaped this dynamic.
Read More
