In a world increasingly urbanised, they have to be the solution, the "basis of possibility", given their concentration of skills, finance, technology and efficient forms of production, transportation and living.
The notion that there could also be some downsides to a wholesale government takeover of America's big banks is given short shrift.The authors argue that the banks' oligarchic power stems from the size and concentration of American finance.
This young city's spirit of commerce and entrepreneurial capitalism translated into an open and horizontal concentration of skills in finance, optics, communications, information systems, medicine, and software.
They say there's a very high concentration of psychopaths in finance, for example -- much, much more so than the rest of the population, which explains a great deal.
Institutions like the University of Chicago and Columbia, whose graduates are much sought-after, have mostly kept the general M.B.A., with broad areas of concentration like finance and marketing.
That's thanks in part to a heavy concentration of positions in the finance sector.
On average, job tenure is lowest in construction, trade, finance services and other services, which are also sectors with a high concentration of migrants (with the exception of finance services).
It's exposed flaws in our style of capitalism — the overreliance on finance, the concentration of power.
