Edinburgh’s Economy Outperforms London - A Glasmanite Townie Response

Edinburgh’s Economy Outperforms London, whoopee doo! Crack open that rare bottle of Glenlivet single malt and if your first name happens to be something like Boyd, Crawford or Sinclair and you work in Edinburgh’s business, financial services or university management sector, then take the rest of the day off and head down to The New Club for lunch. This statistic being shared as some kind of good news story, should give us at least some cause for concern, mainly because cities don't have micro-economies, nations do. Edinburgh is not some sort of city-state of Sparta or the Free Hanseatic city of Bremen and its wealth does not trickle down to the rest of the nation. The concentration of wealth and capital in big cities and the abandonment of small towns is the exact opposite of what devolution was meant to deliver. For example, the fact that Boyd, Crawford and Sinclair running the banks, businesses and universities in Edinburgh have all manged to accumulate h...