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4min chapter
How American Cities Can Avoid the ‘Urban Doom Loop’
Plain English with Derek Thompson
The Future of Superstar Effects
Some economists call superstar effects. The idea that before music technology it was very difficult to be a global superstar, right? How would a 19th century Michael Jackson be Michael Jackson? You need a CD and you need the popularization of radio and CD players across the world in order for thriller to be thriller. We might have more superstars in more industries without the same kind of geographical agglomeration effects that we saw previously.
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