New York has lost its status as the world capital of the New York Stock Exchange with an annual trading volume of $36 trillion. With this money, you can buy 554 million times the land in the world

New York has lost its status as the capital of the world

The New York Stock Exchange trades $36 trillion annually. With that money, you can buy 554 million times the land, the smallest and most expensive piece of land in the world, also found in New York. It's called "Hess's Triangle."

Today, however, there is a heated debate about the new center of geographic power that is taking shape, and it is now less clear whether the Great Apple can maintain its privileged position as the world's monetary capital.

After World War II, New York played a key role in the U.S. economic recovery, but it was also the city where financial speculation flourished. In the face of this model, a new model of production based on new technologies is growing, and it is located on the other side of the country.

Beijing already has more millionaires than New York, albeit just one.

California is the fastest-growing region in the United States, and the city of San Francisco has been able to argue with New York over its economic hegemony. But competition isn't just internal. For years, New York was the city with the most billionaires in the world, but that's no longer the case. Beijing has overtaken him. The Chinese city has 100 billionaires, while New York has one less: 99.

New York has built a very powerful image in our collective imagination. More than 11,000 films and many TV series were filmed there. We've seen its skyscrapers and cityscapes so many times that when you first visit it, you'll feel like you've been there many times. You build an emotional relationship that's hard to explain, and at the same time, you're dragged along as you walk through its streets.

In 2019, just before the pandemic, 68 million people visited the Big Apple. It is easy to see many tourists sitting in the seats of the theater enjoying musicals. This is another reason to claim that New York is the capital of the world. His extraordinary artistic life. Broadway accommodates 40 theaters on the city's longest street.

The entertainment industry is an important part of the local economy. Before the epidemic, it was donating nearly $15 billion a year. On Broadway, great star stars at the time of the most outstanding plays, comedies and musicals. In this area, it is almost impossible to compare with New York. In addition, it has some of the most famous museums in the world, such as the Modern Museum. The Big Apple is home to many artists, and I'm not just talking about actors and actresses. There are also people who are dedicated to the world of literature, art, design, fashion and music. If we bring them together, we'll have nearly 2 million people dedicated to creative work. They can find a bigger city than Barcelona.

The skyscraper city has more than 180 languages.

New York could be the stage for movies, and anything could happen. It gives you the opportunity to climb to the top and experience the most unusual experiences. But if something goes wrong, it's easy to feel their hardness, even their cruelty. There is no middle ground. Many find themselves rejecting this unstoppable logic of capitalism, but many others are tempted and stake their lives in the game. If you want to play, language doesn't become a problem. In this skyscraper-lined city, people speak more than 180 languages. It is difficult to find another city in the world with diverse languages.

Everything in New York is popular in the rest of the world

New York is not the capital of the United States, not even the capital of its own state. But today it is the capital of the world and the most influential place. Any new trend that emerges there will soon be imitated elsewhere on the planet. Why is it necessary to imitate what happened in New York? Where is the power of your charm?

Maybe we'll find the source of the answer. Nowhere in the United States is more historic than the southern tip of Manhattan. There, the Dutch established a commercial post in 1625, creating a tradition of tolerance and a way of life that lasted for centuries.

Since the founding of the United States as an independent nation, this area has become an important strategic focus. Unlike other American cities, New York is the only city where commerce originated. The rest are based on agriculture. This fact has set her apart and her personality is more open. In New York, trading is available 24 hours a day, seven days a week. If you want to spend a million dollars on a Sunday night, you can use your phone.

This commercial origin made people the main engine of the city, the only and difficult engine in the rest of the world. There is a secret that really explains that New York is the capital of the world. If, one day, the city neglects these human capitals, then the skyscrapers it owns don't matter. He must have lost the freshness, which made his constant renewal possible.

For John Lennon, New York was the New Rome. He never wanted to live in another city that could not be classified. The reality is that New York faces many challenges in this era of pandemics, and if it wants to maintain its status as a world capital, it needs to be transformed more than ever before.