I have occasionally written about the more risible claims of urban transformation advanced by the TechBro elite. But this piece by David Noriega (with a big nod to Nathan Newman) examines the deeper political economy of Silicon Valley as an artifact of the technologically enabled speculation that has driven up housing values for decades. Since Prop 13’s limits on upward reassessment and tax rates took effect in 1979, valley cities have modeled an entrepreneurial neoliberal governance model whose fruits are familiar: an ungodly expensive city without adequate basic services.

Read the whole series, starting with the introduction

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