Instead of technology helping to spread economic opportunity and lift many more boats, economic power is concentrating in a small number of key regions. It's time for political and economic leadership to wake up to this new reality. It makes little sense to dwell on individual cities or countries anymore, when the real engines of survival, innovation, and growth are the New Megas.
What does lift many more boats mean please?
It is a reference to the saying "A rising tide lifts all boats". org/wiki/A_rising_tide_lifts_all_boats
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It is a reference to the saying "A rising tide lifts all boats". This actually has a Wikipedia article which hopefully should make the idea clear:
Hi
That's interesting. I think I found the reference, to Coppola's Megalopolis (which I've seen, and liked a lot)
The idea is that we want late capitalism to help us do the ordinary things that people want: create farms, build factories, float new boats, in or near the towns where we live, and so on
The argument, right or wrong, is that it's no longer happening. The global