Constraining demand by restricting the ability of non-UK residents to buy property makes sense (Tokyo does this), but to penalize...
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...UK residents trying to move there is very wrongheaded--as is trying to move London's growth to other northern cities.
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London got to where it is with strong *local* business growth, not by getting transplant after transplant from more successful cities.
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Replying to @donlocke77 @JonnElledge
And are impotent to solve, b/c London has what those northern cities do not--which is why people try to live there, etc
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Replying to @donlocke77 @JonnElledge
Struggling cities cajole and beg for transplanted industries from successful cities *all the time* here in the USA too, guess what?
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It never works out after the fact! For all the effort of *thousands* of mayors around the country, NYC, DC, and SF are still the best bets
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Economic growth has a logic of its own and doesn't get moved around. The Soviets tried this too, concerned abt concentration in Moscow...
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...to no avail. Stagnant outlying cities stayed stagnant.
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Obviously *something* makes cities grow--but it's not by having people and companies shipped to them from some city that actually works
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