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Re: Back to the White Elephants//The Skyscraper effect Where or how do you think the line city will fail? ---------------- My opinion Cities are living organisms that grow, evolve and are shaped by their residents, not top down designs by architects, city planners and net zero bean counters. Compare the "sterilized" Brazilia (beautiful architecture non the less) with Rio or Sao Paulo (life, fun). --------------- You can use the words "tallest skyscraper" and "white elephant" interchangeably. Even noble aspirations such as "rapid decarbonization", "energy transition", "green hydrogen", "imminent fusion", "space based solar" etc etc are "skyscraper" proxies. What Is the Skyscraper Effect?The skyscraper effect is an economic indicator linking the construction of the world’s tallest skyscrapers with the imminent onset of an economic recession. The theory that there is a positive correlation between the development of mega-tall buildings and financial downturns was developed by British economist Andrew Lawrence in 1999. The skyscraper effect is also known as the Skyscraper Index. The correlation between the development of a skyscraper taller than a recent record holder in terms of height and the ensuing event of an economic crisis can be explained in a number of ways. An economic bust usually occurs after a period of economic boom, characterized by higher gross domestic product (GDP), a low unemployment rate, and increasing asset prices.2 When a project such as the world’s tallest building receives the necessary funding needed to commence construction, the country’s economy can be viewed as one that has expanded so much that the likelihood of a bust in the near future is high. Hence, the building of a gigantic skyscraper indicates that the expansionary economy has peaked and needs to correct itself by going through a recessionary phase in the near future. The Barclays Capital Skyscraper Index is an economic tool used to forecast impending financial downturns by observing the construction of the world’s next tallest building. The Skyscraper Index was first published in 1999 and postulates that not only is there a correlation between both events but that the rate of increase in the height of a building could be an accurate measurement of the extent of the crisis that followshttps://www.investopedia.com/terms/s/skyscraper-effect.asp#:~: |
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