I was just reading pg's "Cities" essay this morning (http://www.paulgraham.com/cities.html). Much of what he said in 2008 is still relevant today. That said, I think NYC has come around a bit.
I disagree with one of his conclusions regarding his reference to money and power. specifically, I see the '2008' housing crisis proving that money is power and without money power soon wanes. I see the bailout as a debate that the government lost and proof money in an of itself is power. I bring this up because the bay derives its power from money, if the money is going elsewhere it is not only losing money, it is losing power.
