An article about how Washington DC and the surrounding area is booming on the back of government spending is creating a bit of a buzz. Grizzled veterans of lobby groups and the dynamics of how spending decisions are made will not be remotely surprised, of course. Even so, this is the sort of article that sums up so much that is bent out of shape of Western societies and their bloated public sectors. And it also highlights how, in such an economy, so many of those who call themselves “contractors” and “consultants” are in fact dependent to a significant degree on the taxpayer for funds, not on anything resembling laissez faire capitalism. (There are similarities with London and Brussels, of course, though in the case of London, it is not just the centre of political power, but of financial and other sorts of power too, such as in the arts and entertainment business).
And this quote is chilling, if it highlights where young people think the action is:
“Aside from its wealth, the single defining feature of über-Washington is its youth. Most of the people who have moved to Washington since 2006 have been under 35; the region has the highest percentage of 25-to-34-year-olds in the U.S. “We’re a mecca for young people,” Fuller says. One recent arrival says word has gotten out to new graduates that Washington is where the work is. “It’s a place where a liberal-arts major can still get a job,” she says, “because you don’t need a particular skill.””
Marvellous, as Clint Eastwood says in his movies.