Kiinteistökuplat ja pankkikriisit eivät liene historiassa tuntemattomia. Kysymys kuulunee: emmekö opi historiasta?
In the 1890s Melbourne was an impressive place. With 500,000 people, it was eighty percent bigger than San Francisco and nine hundred percent bigger than Los Angeles. Three hundred trains a day serviced the suburbs. The city had three hundred buildings with elevators and Melbourne was reputed to have more large public buildings than any British city outside of London. There were plans to build a replica of the Eiffel Tower.
http://www.marginalrevolution.com/marginalrevolution/2009/10/real-estate-bubbles.html
Ja kirjakin löytyy Amazonista:
Between 1780 and 1930 the number of English-speakers rocketed from 12 million in 1780 to 200 million, and their wealth and power grew to match. Their secret was not racial, or cultural, or institutional superiority but a resonant intersection of historical changes, including the sudden rise of mass transfer across oceans and mountains, a revolutionary upward shift in attitudes to emigration, the emergence of a settler ‘boom mentality’, and a late flowering of non-industrial technologies -wind, water, wood, and work animals – especially on settler frontiers. This revolution combined with the Industrial Revolution to transform settlement into something explosive – capable of creating great cities like Chicago and Melbourne and large socio-economies in a single generation.
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