Business | Schumpeter

Silicon Valley 1.0

Cleveland can teach valuable lessons about the rise and fall of economic clusters

WHEN the Republican Party decided to hold its national convention in Cleveland back in July 2014 no one dreamed that Donald Trump would be the party’s presidential nominee. Yet the city and the man are oddly suited. It is hard to think of a city that better illustrates Mr Trump’s campaign theme of making America great again. For Cleveland is a city that has clearly fallen from greatness. It is also hard to name a city that better illustrates the fears of Mr Trump’s critics. It is clear that the politics of anger and resentment have done nothing but hasten its decline.

This article appeared in the Business section of the print edition under the headline “Silicon Valley 1.0”

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