"In recent decades, the Bay Area has been reshaped by trans-Pacific trade. This system, termed the 'Pacific Circuit,' has primarily benefited technology companies, leaving places like Oakland struggling."
"Urban planners designated Oakland as an environmental-sacrifice zone. The influx of money through high-tech trade contrasts sharply with the struggles faced by local communities that, in essence, pay the cost."
The article explores the economic dynamics of the Bay Area, focusing on how trans-Pacific trade has reshaped the region. While technology companies thrive from importing goods, communities such as Oakland face dire repercussions. Urban planners once labeled these areas as environmental-sacrifice zones, highlighting the significant disconnect between corporate success and local hardships. The piece underscores the historical transformation of Silicon Valley, once filled with factories, now dominated by white-collar jobs, illustrating the broader implications of outsourcing and its contribution to local economic strain.
Read at The Atlantic
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