Imperial Washington

Much has been written about how the recession has led to a transfer of power from Wall Street to Washington, and you might think this is a good thing if you are naive enough to think Washington is more democratic than markets. But Joel Kotkin points out something even more serious: power is shifting from all American cities to Washington.

Wall Street traders might have, for a time, captured a greater share of national wealth than they once did. But they never tried to tell the rest of us where to live, how to travel, or what kind of jobs can locate in your city. Washington is poised to do just that.

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