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Why should you bet in London?

Why should you bet in London?


“Social, international, colorful.” “The Epitome of Modernity.” The source of the “inner freedom I have preserved to this day.” Even without context, the ode to Ursula von der Leyen in London, where the President of the European Commission studied for a year, has always been beautiful. Then you see that he was describing the city in 1978, before the post-war depopulation changed, before the Big Bang, even before Dishoom. It was supposed to be in 2006, I mean, but it would still tidy up the adjectives.

The definition of a big city is that only dedicated citizens notice its ills. According to most sensibilities, the pulses and richness of these places never change. This is the case, or especially in the case of those who come out of things like this with conservative disgust. Tokyo Story, this gem of world cinema, laments the disruptive and destructive power of the Japanese capital. . . 1953an.

Bad London is also a miracle, then. It’s a reason to bet on my hometown that I haven’t seen in 16 months as it goes to life after the pandemic. But there are others.

Last month, Boston Consulting Group and The Network, a group of online contractors, surveyed more than 200,000 people across 190 countries. What they found in 2014 and found again in 2018. London is named above all the cities in the world as a destination to live and work in. The tendency to move completely has decreased and this should harm all cities around the world in absolute terms. But if London remains to be relatively attractive, it will need special barrier immigration laws to reduce the global situation.

There is no doubt that respondents underestimate the ultimate cost of Brexit. But then what is another compelling European capital? Amsterdam is second in the survey, but its metropolitan area is about 2.5 million people. Paris doesn’t make the top 10 (which I never said they would sharp respondents). In 2016, Berlin was poorer than the German national average.

With gross strength and 24-hour disability, the Pacific Rim cities are in a different class, even before their success was studied against the pandemic. I hope that Bangkok will not levitate as Chinese and US money dominate Southeast Asia, the most controversial region of the century. In the West, however, London and New York are two years before the pandemic that formed the pair and are likely to go a long way. Although the spread of English as a second or first unified language diminishes the advantage, try to clone that “inner freedom”. Culture is a tranquility, a lack of codes and labels that can make even the largest cities in continental Europe difficult for outsiders.

In terms of domestic talent, despite all the efforts my government has made in my life, London will continue to be El Dorado. For two reasons, the UK’s search for a “rebalancing” should frighten it forever. One is the prefix “re-”. It implies a resilience between cities that is recent and therefore recoverable. In fact, London has an enormous scale over time; only the second qualifiers change.

The other mistake, the consequence of the first, is the surprise of the politician: to overestimate the policy against the rooted past. London is dominant, because England as a whole has the most balanced nations, on the contrary. Neither Germany nor Italy were united until the late 1800s. Hamburg, Florence, Munich, and Turin had centuries of growing ducks as their capitals or sovereign states. France bears a much greater resemblance to England in its former integrity. Look, the French Islands account for 30% of national production.

There are no differences that will be answered by the ministers of the crown or other ephemerals. They won’t respond to the lauded end of the office, unless you think there are no offices in Leeds and Manchester. The dispersal of zoom-enabled workers does not in itself mean a smaller gap between elite and secondary cities.

If London loses people, it will lose them from a peak of about 9m. Even a permanent clean 2m exit (if that happens I’ll have dinner at an Aberdeen Angus grill) would leave the population around the 1978 level. In my frame of reference, he’s getting a ghost town. It’s pretty good for at least one young student.

Send Janan to the email address janan.ganesh@ft.com

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