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The Incredible Economy of New York City 

Economics Explained
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15 май 2024

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Комментарии : 683   
@EconomicsExplained
@EconomicsExplained 5 месяцев назад
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@PXAbstraction
@PXAbstraction 5 месяцев назад
Scam company that you should be ashamed for endorsing.
@undercoverduck
@undercoverduck 5 месяцев назад
seriously, this sponsor again?
@HxTurtle
@HxTurtle 5 месяцев назад
pay attention, folks. this video's sponsor is very, very well known meanwhile to sell all your mental health data to social media networks. don't trust me, simply do your own due research before blindly clicking on anything.
@femstora
@femstora 5 месяцев назад
@@undercoverduckA contract is a contract
@undercoverduck
@undercoverduck 5 месяцев назад
@@femstora could not have thought of worse legal advice or a worse excuse
@Kholdstare52
@Kholdstare52 5 месяцев назад
Maybe there should be a separate city leaderboard, London, Seoul, Moscow, Lagos, ...so many wonderful places to explore
@JasperKlijndijk
@JasperKlijndijk 5 месяцев назад
amsterdam please, wich is actualy randstad as a whole, the west of the netherlands is one big city not a few seperate ones
@RhettPrice-mm1ss
@RhettPrice-mm1ss 5 месяцев назад
Houston! Monterrey!
@deyoungyoung3059
@deyoungyoung3059 5 месяцев назад
Yes I love Amsterdam.
@benthezomboni2701
@benthezomboni2701 5 месяцев назад
Chicago too
@jonnycoolg
@jonnycoolg 5 месяцев назад
Yeah agreed! Would be such a fun series
@InRealTime769
@InRealTime769 5 месяцев назад
Something that you left out about New York is how its a part of the North East Corridor. While New York is definitely the biggest, the fact there are nearby major cities like Philadelphia and Boston, which have their own major ports, industries, and manufacturing, really adds a ton of synergy. In a lot of ways, it acts like one ginormous mega city
@fort809
@fort809 5 месяцев назад
Yep, the northeast megalopolis. I live near Philly, and driving down I-76 it can be hard to tell where the city begins and other towns end. It seems like more of a political and social distinction at this point than anything else
@Obloms
@Obloms 5 месяцев назад
Yeah, basically from DC up to Boston is essentially one big giant corridor that houses much of US economy.
@scottfrazer4669
@scottfrazer4669 5 месяцев назад
Very true, which makes it even more tragic that we don’t have proper high speed rail along the corridor
@NazriB
@NazriB 5 месяцев назад
Lies again? Serie A Leader Red Bull
@MelGibsonFan
@MelGibsonFan 5 месяцев назад
Soooo… Mega City One?
@danielkrall6501
@danielkrall6501 5 месяцев назад
New York has done a great job of navigating through the last 200 years and maintaining its relevancy. It has fallen on some hard times in the past, and faced steep competition from growing metropolises both in the USA as well as abroad. It was really declining in the 70's until the early 90's but punched through it and got itself back on its feet. As far as its economic output in comparison with the rest of the state, Upstate NY really hasn't recovered from outsourcing. Rochester, Syracuse, Albany/Schenectady all used to be almost like the Sillicone Valley of 100 years ago. GE, Xerox, Kodak, etc. and more all called Upstate NY home, and much like the rust belt before them really took a huge hit when those companies left. I used to live in Upstate NY, and as much as some places try, they haven't meaningfully found a way to get anything really going. It's sad. And, much like the Jersey Shore, there's towns like Hudson and Kingston that used to have a lot of money because they were the city's upper class getaway towns, but really struggle with decline and declining populations. There's typically a lot of animosity between everything below the Tapanzee Bridge and everything above. It's codified in the fact that the vast majority of Upstate NY is bright red and poor, and the City is bright blue and isn't. It's been that way for most of the 42 years that I've been alive and I don't see it changing anytime soon.
@CityLover117
@CityLover117 5 месяцев назад
Don’t forget IBM Watson was born in the Binghamton area, about 40 miles south of Syracuse l
@CortexNewsService
@CortexNewsService 5 месяцев назад
I hadn't known that the division point was so specific at the Tappanzee, but this tracks. My mom's side of the family is from western New York. I've seen how that region has struggled and how far to the right my relatives have become.
@elli6220
@elli6220 5 месяцев назад
Upstate NY isn't really that red. It voted for Biden! The rural areas are red but Buffalo, Syracuse, Rochester, Albany, etc are blue.
@kevinburke9940
@kevinburke9940 5 месяцев назад
200 years? It was founded in 1624, almost twice that. That’s a mighty long time 😅
@Alphabunsquad
@Alphabunsquad 5 месяцев назад
@@kevinburke9940yeah but it wasn’t globally relevant at that point
@liversuccess1420
@liversuccess1420 5 месяцев назад
It's interesting to consider how New York's, and the USA's histories would've been different if Governor DeWitt Clinton had not pushed for the Erie Canal. That enabled NYC to access the resource wealth of the country's interior. If the canal hadn't been built, the vast majority of that resource wealth would have gone down the Mississippi, and New Orleans would've been the greatest port in North America. New Orleans did ok, but the Canal transformed NYC into *the* major port for over a century and vastly changed the American economy. Without the canal, the South, and eventually, the Confederacy, would've been different too.
@danielzhang1916
@danielzhang1916 5 месяцев назад
I'm not so sure, there would always be a need for a link from Chicago to NY, the railroads made that inevitable, yes the Mississippi River is very important too, but I don't see how New Orleans would compare, it's always about location location, there's a reason why NYC Boston Philadelphia etc. were able to develop much faster than others
@jmurphy6767
@jmurphy6767 4 месяца назад
The Canal changed history and built cities and financial empires. But its useful life was brief.
@eddygci8
@eddygci8 4 месяца назад
I’m not so sure New Orleans would’ve been the greatest port in North America. Traveling to it from a foreign perspective doesn’t seem as useful and the coast lines. Unless your coming from South America maybe.
@Sparta955
@Sparta955 4 месяца назад
@@danielzhang1916 They were able to develop faster because they were the first cities in the country, had natural ports and were close to Europe. A railroad from IL over the mountains of NY and PA were never going to outcompete water based transit.
@danielzhang1916
@danielzhang1916 4 месяца назад
@@Sparta955 that's not what I said, there had to be a link from Chicago to the East Coast, I didn't say anything about competing against them, that was never the point of the railroad, and New Orleans would have been even more unlikely
@aroto
@aroto 5 месяцев назад
You should make a different leaderboard for cities, since you seem to be exploring a lot lately. You can have them side by side at the end
@RichardFermion
@RichardFermion 5 месяцев назад
agreed. There are so many interesting takes on what could make a single city so important, particularly when you think about when. Detroit was a big deal in the past. Personally I look at Seattle as a big thing today (boeing,microsoft, amazon, nordstrom, costco, and others) And that's not even thinking of cities that many overlook like Atlanta. All the fortune 5s that are based from there.
@ZCSilver
@ZCSilver 5 месяцев назад
The AI created stock images for factories was really weird.
@Evangelinerocks
@Evangelinerocks 5 месяцев назад
Agreed, they’re ugly and it’s super disappointing to see AI images from a channel I respect.
@r99716
@r99716 5 месяцев назад
@@Evangelinerocks i respect them more now for using AI images despite knowing some luddites would complain
@howtoappearincompletely9739
@howtoappearincompletely9739 5 месяцев назад
@@r99716 It's not Ludditism when the results are less good. That conveyor belt for mugs did not reflect physical reality.
@r99716
@r99716 5 месяцев назад
@@howtoappearincompletely9739 the results are more unique, specialized, and cheaper than stock footage, and they trigger AI-haters. overall more good
@jolp9799
@jolp9799 2 месяца назад
@@r99716 glazing for AI pics is crazyyy
@vazquezcarlos
@vazquezcarlos 5 месяцев назад
I live in Brooklyn, and it's amazing how much construction I see in every borough. It seems any empty lot is built on quickly, and old, dilapidated buildings are torn down to build new apartment complexes, every chance they can. Lots of the warehouses that are closest to the city, don't even exist anymore, and are either torn down or converted into apartments. And the upgrades they did to La Guardia Airport are phenomenal and is now my goto over JFK. They also offer free bus service from the train to each terminal. One thing NYC doesn't do well is build many new houses, or condos/coops, which makes it very hard to own here. Even some old houses are torn down and replaced with apartment buildings. I guess that's one reason homes prices have gone up so much the past couple of decades
@Allaiya.
@Allaiya. 5 месяцев назад
I visited NYC a few years ago. Couldn't believe how huge it was. I'm just not used to huge cities like it.
@DCampusano1
@DCampusano1 4 месяца назад
Tokyo is even bigger than NYC.
@trollinape2697
@trollinape2697 4 месяца назад
​@@DCampusano1I mean its metrapolitan area is like 3/4 of that of wales
@Knight_Kin
@Knight_Kin 4 месяца назад
@@DCampusano1 Yes but I believe it's one of the few exceptions. NYC is still massive even if Tokyo is bigger.
@badluck5647
@badluck5647 5 месяцев назад
Three of the US's economic centers: New Year's wall street San Francisco's silicone valley Houston's refineries
@georgerogers1166
@georgerogers1166 5 месяцев назад
Dallas with general consumer industries
@tswagg504
@tswagg504 4 месяца назад
Chicago is also a major financial center
@badluck5647
@badluck5647 4 месяца назад
@@tswagg504 Keep telling yourself that
@AsianInvasionShen
@AsianInvasionShen 4 месяца назад
Chicago easily counts as a major financial center. Basically all US options are cleared in Chicago via the Options Clearing Corp and it’s the US’s largest commodities/futures exchange
@tswagg504
@tswagg504 4 месяца назад
@@AsianInvasionShen Thanks for correcting him, I didn’t feel like going into detail
@sabretooth1997
@sabretooth1997 5 месяцев назад
One possible explanation for NYC's economy being bigger than that of NYS is that the NYC metro by which that is measured also includes large swaths of likely the most economically productive areas of New Jersey and Connecticut as well.
@JD-ny3vz
@JD-ny3vz 5 месяцев назад
You are correct
@brandonmaster7901
@brandonmaster7901 2 месяца назад
Pennsylvania as well. It's not a huge part but parts of northeast PA fall under the NY metro area. So the NYC metropolitan area consists of basically all of New Jersey, southern NY, basically all of Connecticut, and parts of PA. It's truly a massive sphere of influence.
@eezyville1704
@eezyville1704 5 месяцев назад
@4:32 One of those Lake Ontarios should be Lake Erie.
@SmartChannel01
@SmartChannel01 5 месяцев назад
As someone whose lived here (Queens) my entire life. This puts a smile on my face
@bobjohnson3940
@bobjohnson3940 5 месяцев назад
They don't call it the empire state for nothing. Excellent as always
@mohith2039
@mohith2039 5 месяцев назад
We cannot underestimate NYC's influence on the world.
@mbg9650
@mbg9650 5 месяцев назад
What make US distinctive is its capacity to finance ventures for innovation. Thing likely no country will accomplish under a dictatorship.
@henrymcdoo
@henrymcdoo 5 месяцев назад
@@mbg9650 I think you should replace "ventures for innovation" with "wars" then it will be much more appropriate if you ask the rest of the world. 😂
@xiphoid2011
@xiphoid2011 5 месяцев назад
​@henrymcdoo actually, compared to the empires before, US is quite possibly the least bad one yet, more positive influenceon the world than negatives. It has a lot to do with it being a democracy. Just my take as a Chinese who studied in the US and choose to immigrate.
@vacnyc
@vacnyc 5 месяцев назад
@@xiphoid2011People seem to take this country for granted. They forget what empires of the past were like!
@louisnall3102
@louisnall3102 5 месяцев назад
⁠@@xiphoid2011also, speaking of immigration, the USA has the largest immigrant inventor population.
@SamMillers2ndChannel
@SamMillers2ndChannel 5 месяцев назад
A little note though - Ports of LA and Long Beach are right next to each other. Like, literally one ends and other begins. I would argue that they should be counted together for statistical purposes.
@elliotsmith9435
@elliotsmith9435 5 месяцев назад
You should have an International City Leaderboard, that would be a great switch as you are starting to run out of countries. Keep up the great content! I watch all of your videos and have loved the two new channels!
@Fredreegz
@Fredreegz 5 месяцев назад
The United States is the world's largest economy, almost predetermined by its massive abundance of agricultural land and industrial resources. New York City is its key port to Europe. Los Angeles is its key port to Asia.
@Kholdstare52
@Kholdstare52 5 месяцев назад
If you made this video an hour long I'd love it even more
@DionEccles
@DionEccles 5 месяцев назад
Watching from Trinidad and Tobago! 🇹🇹🇹🇹🇹🇹 Can't wait to see us featured one day.
@matthewspeltz2185
@matthewspeltz2185 5 месяцев назад
Hello! Longtime watcher first time commenting. I noticed some of the AI-generated images in this video. It helped illustrate the point during the manufacturing section, but aspects of some of the "people" were off enough that it bothered me enough to leave a comment. Thank you for making content, it has been excellent at increasing my understanding of economics and some of the counter-intuitive pressures at play!
@GN-Gakkou
@GN-Gakkou 2 месяца назад
"New York may be the most important city in al of human history"😂😂😂💀💀💀
@joplin8433
@joplin8433 2 месяца назад
Ah yes, emoji spam, that'll prove him wrong.
@RayRay-yt5pe
@RayRay-yt5pe 5 месяцев назад
Man, I always look forward to your videos. I honestly think you're the one person that got me interested in economics
@johncurtis920
@johncurtis920 5 месяцев назад
A great video, especially for those who may not be overly familiar with the region. Something from which I, as you can tell from my avatar icon, do not suffer. In any case I submit one of the primary reasons for NYC and the metro areas success is the density of built-out infrastructure. From telecom to water, sewer to roads and rails it's got an unrivaled level of complexity that's all its own. And let's not forget that its transit system is instrumental in the city's development and existence. You can think of it as the city's version of the Mississippi river. People, goods and services use it every single day to get about the place. But here's the thing city/national planners need to start seriously contemplating. Since the entire region is only a few tens of feet above current sea level it puts the whole of it in jeopardy if there's any truth to projected sea-level rise due to melting polar caps and the like. You flood the subway/transit system, for instance, and you strangle the city. And if you strangle the region you put a serious dint in the global competitive nature of the country as a whole. Just some thoughts.
@adityakundu3598
@adityakundu3598 5 месяцев назад
Economics Explained never fails to explain amazing economic stuff with relative ease!!
@ladhkay
@ladhkay 5 месяцев назад
chup bc
@lorenzo2179
@lorenzo2179 4 месяца назад
Another big reason why there’s so much volume done at the ports along the Gulf is that that’s where the majority of the country’s refineries are located. Houston is the energy hub of the US (arguably the world) and South Louisiana has Henry Hub and other LNG major hubs
@vincent_hall
@vincent_hall 5 месяцев назад
Wow! I didn't realise what a port leader Louisiana still was.
@aviefern
@aviefern 5 месяцев назад
When you mentioned the Yangtze River Delta, I wish you had also spoken about the Yellow River where Beijing is found and the Pearl River Delta where Guangzhou, Hong Kong, and Macau are found.
@andrewharris3900
@andrewharris3900 5 месяцев назад
Just say you want him to a video on China’s rivers. It’s a separate topic that probably deserves its own video rather than just a segment in a video about NY.
@Knight_Kin
@Knight_Kin 4 месяца назад
Sure it's interesting to know about China's rivers too but I would like to see it's own video on it.
@aviefern
@aviefern 4 месяца назад
@@Knight_Kin I definitely agree. I think it would have been a nice mention here alluding to a future video. The topic itself is so interesting, and I've been following it for years.
@robertmariano
@robertmariano 5 месяцев назад
At 10:52, the presentation on New York City manufacturing, would be an interesting video on its own
@mr.billionaire_76
@mr.billionaire_76 2 месяца назад
Thanks for Making these types of amazing case studies
@crimsonninja6995
@crimsonninja6995 Месяц назад
You know I would really love a longform video about NYC, I feel like it's such an interesting and deep topic
@adityasshukla
@adityasshukla 5 месяцев назад
7:30 Unrelated to the video, what made you skip the stock exchanges in India on the map since they are one of the oldest in the world and one of the biggest by market cap?
@tristan7216
@tristan7216 5 месяцев назад
Well, I thought the bay area CA was competitive with the NYC metro, but I looked it up and estimates range from $0.5T to $0.7T. Feeling inadequate now, thanks for that. Our per capita GDP's 89K, I think a little higher than NYC. But ever since I moved here, I've been reminded of Buffalo NY, where I lived for a while. The silicon valley of its day, it all blew away like smoke in the wind when industrial centers shifted around. Now they're tearing down abandoned houses there. NYC seems to have more economic depth, it won't fall until it sinks into the ocean, toward the end of this century.
@madchiller123
@madchiller123 5 месяцев назад
Hey 4:27 why you have Lake Ontario on there twice. Lake Erie would like to have a word. Lol
@JavaoftheLava
@JavaoftheLava 5 месяцев назад
With the UN being there you could argue it’s the capital of the world too. 🇺🇸🇺🇸🇺🇸
@aheat3036
@aheat3036 5 месяцев назад
New York City is the center of the world!
@Windows__2000
@Windows__2000 4 месяца назад
The AI imagery used should be albeled as such.
@hockeytops
@hockeytops 5 месяцев назад
I forget the exact quote or speaker, but it goes something like, "Oh honey, this isn't America, this is New York" 😆
@yaelcorrea5374
@yaelcorrea5374 5 месяцев назад
MAKE VIDEO ABOUT PUERTO RICO PLEASE
@john-carl2054
@john-carl2054 5 месяцев назад
“This is New York!” -New Yorker
@twilightcitystudios
@twilightcitystudios 5 месяцев назад
I would like to see a video on Chicago!
@rahulshivaram1510
@rahulshivaram1510 Месяц назад
Those companies are not only larger than the market cap of every company in Oz, their valuations are the GDP of Australia + Indonesia
@damyor
@damyor 5 месяцев назад
Love your videos! Is there paid option somewhere to watch them without the ads(talking about the sponsored ads)?
@AwesomeHairo
@AwesomeHairo 5 месяцев назад
It's not that serious. Just skip ahead.
@damyor
@damyor 5 месяцев назад
@@AwesomeHairo although that is true, there are some cases (phone, TV, etc.) where moving back and forward is not as convenient. Furthermore this channel doesn't mark in any way where the add will finish. So that said, since I totally understand and support the creators need to actually make profit and continue operations, I actually prefer to pay directly to them, instead of having advertisements.
@AwesomeHairo
@AwesomeHairo 5 месяцев назад
@@damyor On the phone, just double tap until he finishes with the promotion.
@sethc4758
@sethc4758 5 месяцев назад
one thing i would add for it's success is the fact that for hundreds of years it was the first place immigrants would arrive at in the great melting pot, and those immigrants arrived there in hopes of building a better life than they had in their homelands. the stock market is a big part of why New York became dominant but still you have to account for the infrastructure which took thousands of dreamers who wanted to develop large buildings that would earn lots of money and the millions of immigrants who built those buildings just looking to earn a better wage then they could back home.
@thepopcornwizard
@thepopcornwizard 5 месяцев назад
Both of my favorite lakes at 4:32 Lake Ontario and Lake Ontario
@sharky7002
@sharky7002 5 месяцев назад
Without New York we wouldn’t have the avengers or the Tmnt so it was definitely worth it
@gutsmasterson2488
@gutsmasterson2488 5 месяцев назад
Not just the avengers, a lot of early Marvel characters were based in real places in New York City. There were exceptions like The Hulk and Iron Man, but they were heroes first to their city than to the world.
@okene
@okene 5 месяцев назад
More importantly, Daredevil and Batman!
@Batmans_Pet_Goldfish
@Batmans_Pet_Goldfish 5 месяцев назад
And let's not forget our friendly neighborhood Spider-Man.
@NEIL333-bv7nd
@NEIL333-bv7nd 5 месяцев назад
​@@Batmans_Pet_GoldfishAbsolutely spider man is the one reason I wish to visit NYC one day
@bugzeman
@bugzeman 5 месяцев назад
Awesome as always! do London next.
@DownwithEA1
@DownwithEA1 5 месяцев назад
Need some more coin drop sfx. I tease but ya do it a lot
@wilsonli5642
@wilsonli5642 4 месяца назад
I've lived in New York for most of my life, and I'm still not sure what you were referring to when you talk about NY-based manufacturing "producing things to compete in New York". Are we talking about subway equipment or something? Pizzas? Theatrical lighting? Pianos? (Steinway, FWIW, DOES actually compete internationally.) The biggest manufacturing sector that I'm aware of in the greater NYC metro area is the chemical and pharmaceutical manufacturing in New Jersey, which is less expensive than the city proper, and the aerospace industry in Long Island, which I think is mostly defunct these days. I suppose some of the media industry, particularly print media, might be classified as manufacturing, but that might depend on the statistical agency.
@egorbananov7738
@egorbananov7738 3 месяца назад
acktually In October 2023, the top exports of New York City, NY were Gold ($2.36B), Diamonds ($1.17B), Jewellery ($939M), Vaccines, blood, antisera, toxins and cultures ($877M), and Paintings ($868M). In October 2023 the top imports of New York City, NY were Diamonds ($1.39B), Refined Petroleum ($1.2B), Commodities not elsewhere specified ($1.18B), Cars ($1.14B), and Paintings ($1.11B).
@jessevandijk8349
@jessevandijk8349 5 месяцев назад
U should call it 'Communities Leaderboard'
@stevedavenport1202
@stevedavenport1202 4 месяца назад
I would like to hear some concrete examples of local manufacturing companies
@floydblandston108
@floydblandston108 4 месяца назад
NYC also has a hugely productive hinterlands region, with a population density along European lines, fertile productive farm and forestlands, all of it well watered, and with a moderate climate. This has developed a ring of smaller urban centers specializing in the sort of 'break of bulk' and industrial production 'the city' is too expensive for, all of them within the critical 4-8 hour transport time. This gives NYC a 'least cost' advantage over many of its competitors added to its low cost usage of clean, renewable hydro-electric power from NY states access to Niagara Falls and the St. Lawrence River. We make Braavos look like Jakarta....😁
@painfullyhuman
@painfullyhuman 2 месяца назад
yorker spotted
@floydblandston108
@floydblandston108 2 месяца назад
@@painfullyhuman - Yup; it's like being born on third base in the baseball game of life.
@GeorgianMaxim
@GeorgianMaxim 5 месяцев назад
A London video would be much appreciated, thank you for the great content!
@jmurphy6767
@jmurphy6767 4 месяца назад
Negligible cargo moves through the old Erie Canal between Albany and Buffalo (the Hudson and the Great Lakes) today. Ship cargo destined for inland moves through the St Lawrence Seaway.
@dalliravitejareddy3089
@dalliravitejareddy3089 2 месяца назад
why are the Indian exchanges NSE or BSE not pinned on the map?
@johnchou7488
@johnchou7488 5 месяцев назад
Rome respectfully disagrees that New York is the most important city in human history
@ejtattersall156
@ejtattersall156 5 месяцев назад
Rome was important in the Mediterranean, not the globe.
@andrepazzetti5246
@andrepazzetti5246 5 месяцев назад
As does Babylon, Jerusalem, Beijing, Baghdad, Constantinople, London...
@okene
@okene 5 месяцев назад
Rome wasn't even the capital of the Roman empire de facto nor de jure for centuries.
@jeanpierreviergever1417
@jeanpierreviergever1417 5 месяцев назад
@@okeneNew York is not the capital of the US either.
@jeanpierreviergever1417
@jeanpierreviergever1417 5 месяцев назад
@@ejtattersall156perhaps check the language that you speak….
@gorilladisco9108
@gorilladisco9108 5 месяцев назад
Ackhchually, China economy is not just based on Yangzi river, but there are other big river where their trades are also conducted. the Pearl river, where the cities of Hong Kong and Guangdong are located.
@zacklewis342
@zacklewis342 5 месяцев назад
Ackhchually, he said 40%.
@gadaadhoon
@gadaadhoon 5 месяцев назад
Correction: the Spanish founded St Augustine in Florida in 1565, which was before the Amsterdam stock exchange opened in 1602.
@RBzee112
@RBzee112 3 месяца назад
St Augustine was a commodities exchange (mostly slaves), not a stock exchange.
@davidstouffer6627
@davidstouffer6627 5 месяцев назад
You have two Lake Ontarios at 4:27. The one to the left should be Lake Erie.
@thefrub
@thefrub 3 месяца назад
You really ought to tag the AI generated photos you use. If the work of photographers can be AI generated, then yours can too.
@dirklangohr
@dirklangohr 5 месяцев назад
Interesting try to include AI generated images, but at the current state of technology I still prefer stock images :)
@rca4788
@rca4788 5 месяцев назад
"Anything we can put on a map leaderbord " 😂😂😂
@Matt_K
@Matt_K 5 месяцев назад
The problems of NYC are not economics related, at least in the grand scheme of things. They are social problems first and foremost that impact economy of the city. The city unfortunately needs a strong mayor who won't answer to whoever is pulling the strings behind and also a strong district attorney who won't succumb to political corruption.
@ishaansingh6973
@ishaansingh6973 5 месяцев назад
Totally agreed.
@sentfromheaven00
@sentfromheaven00 5 месяцев назад
However, NYC is arguably the least bad city in America when it comes to these issues. There is a far higher share of the homeless population of NYC in shelters than in San Francisco, for example, where it is nearly impossible to build shelters due to NIMBYs.
@Matt_K
@Matt_K 5 месяцев назад
@@sentfromheaven00 That is true but the importance of NYC should put greater focus on these issues. And in NY homelessness is less of an issue compared to cities with warmer climate, however, crime and mental struggles make big impact.
@bharathirajkumar
@bharathirajkumar 5 месяцев назад
Harvey Dent is required 🤣🤣🤣🤣
@dony2852
@dony2852 5 месяцев назад
I would disagree if only because most of the social issues cannot be separated from the economic. Homelessness would not be such an issue if not for the high cost of living. Much of the worst corruption is due to businesses, large and small, buying influence. Crime itself has serious economic effects on the city, forcing many notable businesses to close this year alone. That said, you are 100% correct to say strong leadership and an effective justice system is especially critical to the welfare of the city. It seems too many people don't know what NYC was like in the '70s to mid '90s.
@mico77720
@mico77720 5 месяцев назад
4:22 did it survived the Jones Act in NY?
@johnl5316
@johnl5316 5 месяцев назад
Stanford alumni have founded numerous companies, which combined produce more than $2.7 trillion in annual revenue.
@deleted-something
@deleted-something 5 месяцев назад
pretty interesting
@thetaomega7816
@thetaomega7816 5 месяцев назад
The plastic cup part is all AI, interesting to see you play around with it
@SaiSS961
@SaiSS961 3 месяца назад
7:32. You put a map of worlds' stock markets and you miss Mumbai, home to the two largest stock excahnges of the world in top 10. 😂😂
@matickovac
@matickovac Месяц назад
Actually, contrary to popular belief, the Dutch stock exchange was not the first globally, just the first in the West. It as already in the Song dynasty China, that people would buy and sell papers representing partial ownership of enterprises. Or at least, so I was told.
@armintargaryen9216
@armintargaryen9216 5 месяцев назад
The topic must be interesting but the statement in the miniature is an hilarious overstatement lol
@jono_ok
@jono_ok 5 месяцев назад
As a suggestion, rename the leaderboard to Economic Entity Leaderboard, or EE Leaderboard 😉
@lchonglchoo
@lchonglchoo 5 месяцев назад
There is no need to have a physical exchange anymore. Still didn’t explain why even nowadays why it is still so hard to move out of NYC
@uusername7454
@uusername7454 5 месяцев назад
the map at 1:44 looks wrong, looking at London or seoul for example
@stephenjohnson1758
@stephenjohnson1758 5 месяцев назад
I need to do some research but its likely the difference on GDP between NY state and city could be commuters working in NY city and consuming in the wider NY area thus larger imports for the state than the city
@maciek_k.cichon
@maciek_k.cichon 5 месяцев назад
Can't wait to see New New New New New New New New New New New York's impact in few thousand years. I mean, not that I will see it but I'll bet it would've been fun.
@mattitude4464
@mattitude4464 4 месяца назад
Idea. Make multiple leaderboards. Country, province/state and city. Then do comparisons between them
@dakshitchhadwa2454
@dakshitchhadwa2454 5 месяцев назад
Your content is really insightful. Throughout the video I was thinking about Mumbai (My home) is so relatable to New York City even though I've never been to the States.
@Nick0wnsz
@Nick0wnsz 2 месяца назад
Indian or south Asians in general don’t care about outside hygiene due to caste. Vietnam is poor but not filthy like India
@angryparrot
@angryparrot 5 месяцев назад
EE, I would like to let you know that I've noticed the AI photos. I get it. It's cheaper. But it's also worse. THE TRAGEDY OF THE COMMONS IS NIGH.
@NamanSachdeva12
@NamanSachdeva12 5 месяцев назад
interesting how at 7:26 in world global stock market. it does not feature any indian ones. though indian market is the 5th largest in the world just behind hong kong. but a lot of smaller ones do
@PartyNiga
@PartyNiga 5 месяцев назад
Hmm i dunno man the ancient rome was pretty important too but Let's hear your point
@jamesbyatt1
@jamesbyatt1 5 месяцев назад
Hmm London has been around for over 1000years, and still vies with NY for top position…. Considering its cosmopolitan advantage, I’d say there’s no competition- still.
@PhoeniX199777
@PhoeniX199777 5 месяцев назад
2000 years
@Skb2005
@Skb2005 2 месяца назад
It’s not London because of the UK’s increasing irrelevance on the world stage. If it wasn’t for the need for tax evasion London would be even more irrelevant.
@Harry93IT
@Harry93IT 5 месяцев назад
still can't get over that you forgot to rank Italy 😂
@juatin2020
@juatin2020 5 месяцев назад
Why didn’t you talk about any specific local manufacturing in nyc? You brought it up and talked about the local consumption of the goods and economies of scale but didn’t give any specifics on what these local producers are making or how they are being affected by international players :/
@toomanymarys7355
@toomanymarys7355 5 месяцев назад
Baking, fashion prototypes, takeout containers off the top of my head.
@Batmans_Pet_Goldfish
@Batmans_Pet_Goldfish 5 месяцев назад
To be fair, that is enough for a video all its own.
@toddtheisen8386
@toddtheisen8386 2 месяца назад
The weakness: needing to channel enormous amounts of food and energy into NY area every day. Then channel the trash/sewage out. Either one of those aspects interrupted for a week and its rating means nothing.
@stevenvasselljr.9278
@stevenvasselljr.9278 5 месяцев назад
As someone from nyc, nyc is its own state
@MrSal445
@MrSal445 5 месяцев назад
At 3:55 New York/New Jersey/Newark are combined but Los Angeles and Long Beach ports are split up. Even though the port of New York Metro area is co-owned while LB/LA ports are separately owned it is not fair to split them up when comparing the two metro areas. Especially since the LA/LB ports share the same bay and County (LA).
@Angular777
@Angular777 5 месяцев назад
It's important to like what you're doing! I'm all for it! I understand that everyone has bills to pay though! A lot of my coworkers don't want to be doing what they're doing and are only doing it for a paycheck which again there's nothing wrong with it, but, then they get stuck in a rut.
@open_ckt
@open_ckt 5 месяцев назад
7:30 where is bse and nse
@khalidalali186
@khalidalali186 3 месяца назад
NY Metropolitan GDP is larger than that of Russia 😅
@joplin8433
@joplin8433 2 месяца назад
And yet people still call Russia a "superpower" lol.
@samalexzander924
@samalexzander924 5 месяцев назад
Why don't you make a city leaderboard
@RPaulfield
@RPaulfield 4 месяца назад
The Ohio river was missing from you map and that was huge for the Mississippi River economy and transportation
@lek1223
@lek1223 5 месяцев назад
Deeply disagree about the premise of 'most important city in human history' There are a ton of cities in the middle east alone that have had a tremendous impact on human history such as baghdad and Damascus, other cities nearby such as samarkand, cairo, alexandria have all had a extended and deep impact, meanwhile, while new york is certainly an important city it is essentially just a newer and bigger London, if New York was never built or if it never took on prominence, there are plenty of east coast cities that could have taken on the mantle of financial hub instead, Philly, Boston, Washington, Baltimore etc. Its certainly one of the most influential cities of recent history, but hardly of human history
@suryansahu
@suryansahu 5 месяцев назад
Nice 👍
@RuffieyBoo
@RuffieyBoo 5 месяцев назад
7:40 Dang, I didnt know Mexico wasnt a permenant European settlement.
@marcobernalolio7368
@marcobernalolio7368 4 месяца назад
Awful AI images.
@moderatelyapathetic3280
@moderatelyapathetic3280 5 месяцев назад
So the recent developments and tax revenue / expenses issues aren’t really material?
@varungupta2045
@varungupta2045 5 месяцев назад
Do one on London
@TheBKnight3
@TheBKnight3 5 месяцев назад
Upstate NY keeps saying NYC is "useless"
@MrSlim325
@MrSlim325 5 месяцев назад
I would say Uruk would be, but what do i know
@michaelsteinberg205
@michaelsteinberg205 4 месяца назад
So what exactly does NYC manufacture to be consumed locally? You didn’t give any examples. I really want to know.
@Skb2005
@Skb2005 2 месяца назад
Other than food probably nothing. And obviously most of the raw ingredients for the food are imported.
@akjdhajkdjhaghjkadh9804
@akjdhajkdjhaghjkadh9804 2 месяца назад
everything
@bartolhrg6482
@bartolhrg6482 4 месяца назад
6:27 zach star reference
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