• Nomorereddit@lemmy.today
    link
    fedilink
    arrow-up
    1
    arrow-down
    3
    ·
    9 days ago

    Financial centers are not holy ground. They are habits that formed because of historical momentum, not because the soil under Wall Street produces capital.

    London used to be the unquestioned financial center of the world. Before that, Amsterdam. Before that, Venice. None of those cities lost intelligence or charm. The center moved because technology and incentives changed.

    The New York Stock Exchange is a brand name. The actual computers executing trades sit in New Jersey. A huge amount of financial work has already shifted to cities like London, Hong Kong, Singapore, and to digital platforms that do not care what city they are in. People stay in New York because of existing connections and infrastructure. That is convenience, not destiny.

    Claiming New York is inherently responsible for the success of global finance is like saying the Oscars create good movies because the awards happen in Los Angeles. If the event moved to Cleveland tomorrow, the films would still be made by filmmakers, not sidewalks.

    Now make an argument worth arguing against.

    • nova_ad_vitum@lemmy.ca
      link
      fedilink
      arrow-up
      2
      arrow-down
      1
      ·
      edit-2
      8 days ago

      Has anybody ever told you you’re head is up your own ass? This is all great stuff for a poetic writing class but there isn’t even a hint of a coherent argument in this.

      Financial centers are not holy ground. They are habits that formed because of historical momentum, not because the soil under Wall Street produces capital.

      Cool, and irrelevant.

      London used to be the unquestioned financial center of the world. Before that, Amsterdam. Before that, Venice. None of those cities lost intelligence or charm. The center moved because technology and incentives changed.

      True, and also irrelevant.

      Claiming New York is inherently responsible

      Explain what this means in this context. Clearly. Bonus points for considering the very obvious first-order implications of what you’re saying.

      • Nomorereddit@lemmy.today
        link
        fedilink
        arrow-up
        1
        ·
        8 days ago

        Your entire reply boils down to feelings instead of facts. Zero evidence, zero logic, just noise.

        If you want to debate, bring an argument instead of a tantrum. Right now you are just a bowl spaghetti w/o sauce n cheese.

        • nova_ad_vitum@lemmy.ca
          link
          fedilink
          arrow-up
          1
          ·
          8 days ago

          Your entire argument can be used to show that no cities (except I guess mining towns?) have inherent importance and you have made no attempt to address this obvious implication of what you’re saying. You still won’t define what the hell you mean inherent importance anyways, and I can only assume that’s because you can’t without it sounding ridiculous.

          • Nomorereddit@lemmy.today
            link
            fedilink
            arrow-up
            1
            ·
            5 days ago

            That’s not a flaw in my point, that’s the whole point. No city has inherent importance, least of all New York. It’s a monument to self-congratulation — a place that mistakes its own noise for relevance. When the money dries up or people move on, it’ll be just another overbuilt relic.

            You keep demanding some mystical definition of “inherent importance” because you need it to exist, not because it does.

            Your just a silly plate of spaghetti at this point and a last word freak.

            • nova_ad_vitum@lemmy.ca
              link
              fedilink
              arrow-up
              1
              ·
              5 days ago

              Your just a silly plate of spaghetti at this point and a last word freak

              Lol dude I was done with this days ago.

              That’s not a flaw in my point, that’s the whole point. No city has inherent importance, least of all New York. It’s a monument to self-congratulation — a place that mistakes its own noise for relevance. When the money dries up or people move on, it’ll be just another overbuilt relic.

              Cool story bro. This is just you redefining common terms to suit your need to appear intelligent. If you move everything important from a city it’s no longer important is your entire point and it’s a stupid one. New York is important. Beijing is important. Washington DC is important. Everyone else knows exactly what that means when they read it. That you don’t is entire your problem.

              • Nomorereddit@lemmy.today
                link
                fedilink
                arrow-up
                1
                ·
                4 days ago

                what makes you think New York City deserves more relevance than other places? What specifically gives it more importance beyond population size or media attention?

                • nova_ad_vitum@lemmy.ca
                  link
                  fedilink
                  arrow-up
                  1
                  ·
                  edit-2
                  4 days ago

                  “deserves” is simply not a part of this. It is important lol. The finance sector, the arts sector, it’s aa food destination worldwide, legal services, etc etc etc. Your argument is just they if you took all that away it wouldn’t be important anymore . Well yeah okay, but that’s not what anyone but you means when they say a city is important.

              • Nomorereddit@lemmy.today
                link
                fedilink
                arrow-up
                1
                ·
                4 days ago

                Ah, there it is! the grand finale of the last word freak. You’ve circled all the way back to saying nothing, but louder this time.

                You belong on reddit.