I am no economist but I like to think I am curious and observant and welcome the insights of more expert minds such as Emeritus Prof Christopher May (npub12pw…zvxn)
Currently am in #Glasgow again and in my two visits have enjoyed many of the amenities inc botanic garden, Kelvingrove museum and gallery and many others.
It's obvious from the grand buildings that used to be banks, merchants, insurance etc that a massive amount of money used to flow through Glasgow. While many have found other uses presumably the volume of money coming through the city is much lower. A Starbucks or Wetherspoons will not generate the same amount of money as a merchant bank trading internationally.
The loss of shipbuilding and other manufacturing to cheaper foreign competitors is an obvious driver of this decline.
The same pattern is repeated to a greater or lesser extent in most UK cities.
Most UK cities are by-products of mercantile and manufacturing needs of a previous economic era. Some, like Glasgow struggle to find a new purpose.
Leigh Silvester
npub12y…86g55
2025-09-17 20:07:57 UTC
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"content": "I am no economist but I like to think I am curious and observant and welcome the insights of more expert minds such as nostr:npub12pw99cs5a6j6r56yafxt355j8h38hhw6fh3zwunhj99m3gv3nfds7zzvxn\nCurrently am in #Glasgow again and in my two visits have enjoyed many of the amenities inc botanic garden, Kelvingrove museum and gallery and many others.\nIt's obvious from the grand buildings that used to be banks, merchants, insurance etc that a massive amount of money used to flow through Glasgow. While many have found other uses presumably the volume of money coming through the city is much lower. A Starbucks or Wetherspoons will not generate the same amount of money as a merchant bank trading internationally.\nThe loss of shipbuilding and other manufacturing to cheaper foreign competitors is an obvious driver of this decline.\nThe same pattern is repeated to a greater or lesser extent in most UK cities.\nMost UK cities are by-products of mercantile and manufacturing needs of a previous economic era. Some, like Glasgow struggle to find a new purpose.",
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