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'Creative Class' Aren't Urban Saviors After All

Among the most pervasive, and arguably pernicious, notions of the past decade has been that the “creative class” of the skilled, educated and hip would remake and revive American cities. The idea, packaged and peddled by consultant Richard Florida, had been that unlike spending public money to court Wall Street fat cats, corporate executives or other traditional elites, paying to appeal to the creative would truly trickle down, generating a widespread urban revival. ...

Florida himself, in his role as an editor at The Atlantic, admitted last month what his critics, including myself, have said for a decade: that the benefits of appealing to the creative class accrue largely to its members—and do little to make anyone else any better off.

(H/T Lord Humungus)

Source: Daily Beast. Read full article. (link)

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    These guys are right that this is a failure, but it has nothing to do with what sort of people they're giving money to. It has EVERYTHING to do with who's doing the giving, and how. Government simply does not have the information necessary to allocate money efficiently. It will never be able to figure out who the most productive people, because the information necessary isn't in the heads of the myriad people they took the money from.

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    Last line should be, "IS in the heads of the myriad people".

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