But in a sterile, planned city, that is initially empty... How do you get the ball rolling? How do you initially attract the people who can work anywhere in the world? The three cities I mentioned, and a few others, have solved that.
The reason people gathered at a certain buttonwood tree in lower manhattan was to trade shipping interests -- early finance was all about commercial shipping and the fact that NYC was an early leader in shipping led to the development of a finance hub and the two sides of the same coin propped each other up.
Here in England there is growing concern that Heathrow is stifling growth in London as it doesn't have capacity anymore and expanding it is politically infeasible. So it's not a far-fetched scenario...
I don't see NYC or any of the other regions mentioned—London, Tokyo, the Valley—becoming irrelevant anytime soon. I doubt any city is going to steal the title of "Capital of X" from any of them, though the industries that drive the success of these cities may wane—and wax and wane and wax and…—new cities (or existing cities) will rise to prominence due to the development of new industries and new ways of working.
One of the ironies that always struck me about the Valley was that much of it was built on the dream on making distance no longer matter. Instant, global, paperless, tele-blah, and on and on. Yet the Valley continued (and continues) to matter.
What we think of as technology really isn't technology any longer, in any meaningful sense. Pencils and paper are technology, yet CTOs don't control the stationary cabinet. I've asked, sarcastically, CTOs why they don't show more interest in the legal pads and ballpoint pens, to make a point: computers and phones are no longer perceived as technology but as things.
And as things, along with other newly-just-a-thing things like web apps and virtualized servers and storage and clusters, the history and dynamics that favor the Valley don't necessarily support the sort of innovations that are going to make a big difference.
That's why the New Yorker article on Nick Denton, who, according to the article, is trying to bring a television-like time model to web advertising—and is working to kill the impression model—is so interesting. It details a guy that's using technology—yawn, programmers—but has internalized and is working to forward the interests of a completely different culture.
Of course, the existing web advertising mindset is a product of the application of the paper publishing world's advertising models, which just goes to show that as time passes it's less about how any given technology technology wants us to think but how we make sense of that technology.
So maybe the sorts of things that come out of the Valley will change. There's an understatement. Of course they've already changed!
Place has a huge role in shaping what happens. Where you live affects the way you think about the world. The way you think about the world affects where you want to live. (See Slate's "The Big Sort" coverage.) Until a city has a distinct worldview, a Weltanschauung, that draws people and changes them—and the rest of the world—it doesn't really matter.
As I drive into NYC and the skyline comes into view it humbles me as a Philadelphian. But then I think about those infographics—featured on HN, of course—showing how China is birthing a New York every twelve days or whatever the duration is, and I wonder: Will NYC cease to be relevant?
There is more than a little home-town pride at stake, and not the way you think: in the (nonexistent?) fight between NYC and the Valley, I am New York all the way. I deeply want New York to matter.
And so that colors my thinking, but, back to this article, I wonder: Building an city, or even building and filling a city with people, does little if it doesn't sort people and industries out in a way that makes them more efficient, more vital.
Again, I'm a Philadelphia. Everyone from West Philly says, "Oh, I love West Philly. The trees! The parks!" I love trees, I love nature, whatever that is. But I disagree with these people with their love affair with Philadelphia West of the Schuylkill River. I love people, people in quantities and densities that don't exist over there.
I don't discount the benefits of living in West Philly, or even a Chinese ghost city—all night parties without neighbors!—but you—we, society, humanity—lose something, or you don't gain something, when we put people in close proximity to each other in ways the lead to fruitful exchanges.