[quote=spdrun]
Personally, I hope that a slowdown in the financial industry would force a diversification of the city into things like tech firms and R&D. A lot of creative effort put towards the finance industry (shifting Monopoly money around) is actually wasted effort — imagine if more of our best and brightest went into engineering and hard science vs finance. We have the world-class universities and a lot of damn smart people.
Keep in mind that Bell Labs was founded in NYC, so this would not be unprecedented.[/quote]
Could not agree more. We need to move away from speculation and into more productive ventures.
