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Comment by kesselvon | Hacker News Reader

Gov't workers can't be outsourced overseas and they're usually able to pay well. This is why after an industrial base is wiped out, the only people making a decent salary work for the state.

But these towns are going to keep getting wiped out until we free up the concentration of capital that favors dense urban areas

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> until we free up the concentration of capital that favors dense urban areas

What is this supposed to mean? Is "favor[ing] dense urban areas" somehow wrong? What dark force is driving this concentration of capital? What is necessary to free it?

Consolidation in finance and other sectors has made it difficult or impossible for small and medium business to survive. As regional banking dries up, its dramatically more difficult for firms to get loans, even for working capital.

There's no reason for large banks to lend money. They can print money via the Fed to get their assets and lend money to the highest quality borrowers or those with explicit government guarantees. The traditional regional banking model was much better for everyone.

"They can print money via the Fed to get their assets..."

I don't think that's how it works.

Are you (and kesselvon) suggesting that otherwise viable businesses are getting wiped out because they are in small towns? And the reason for that is that regional banking is "drying up"?

That seems improbable to me, especially at a time when so much capital is looking for a decent return

Also, as I asked, what does this have to do with "dense urban areas" being "favored"?

> Consolidation in finance and other sectors has made it difficult or impossible for small and medium business to survive

reminds me of the VC / startup landscape

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