Arnold Kling  

Private-Sector Urban Renewal

The 2012 Vote That Really Matt... Concentrated vs. Dispersed Int...

from Ikea. The Globe and Mail reports

Where once they placed a couch in a living room, the Swedes now want to place you and 6,000 neighbours into a neglected corner of your city, design an entire urban world around you, and Ikea-ize your lives.

I can't wait until they get competition from Walmart.

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CATEGORIES: Political Economy

COMMENTS (2 to date)
Andrew writes:

“We’d have a very good understanding of rubbish collection, of cleanliness, of landscape management,” Mr. Cobden says. “We would have a fairly firm line on undesirable activity, whatever that may be. But we also feel we can say, okay, because we’ve kept control of the management of the commercial facilities, we have a fairly strong hand in what is said in terms of the activities that are held on site.”

A central planners dream come true. Abandon all hope - ye who enter here.

Jeff writes:

I'm a bit puzzled at what demographics they're shooting for here. They say in the article they're going to keep all the property as strictly rentals; no sales of houses or condos. Presumably, this is so they can keep out the wrong kinds of people and preserve the value of the real estate, which makes perfect sense. But are people really going to want to rent forever? In particular, the middle class families they mention? Most middle class families are home owners, at least in the U.S.

Furthermore, what about schools? There's a reason most people with school-aged children and sufficient means move to the suburbs: because most urban schools are terrible. Full of bad teachers and worse students.

So if that's the case, you're left with childless couples or people with pre and post school-aged children who don't mind renting. Maybe things work differently in Europe, though. I just think the appeal might be limited in the U.S.

Hey, maybe running schools is their next venture, though.

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