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by jritchie 3768 days ago
In London, tech does not rule the city. No single industry does. Not even finance.

Apart from the City, which is quite literally ruled by the finance industry. [1]

[1] https://en.wikipedia.org/wiki/City_of_London#Elections

2 comments

Yeah, but the The City is a tiny pebble in comparison to London. I'm sure there are plenty of places in London that size that are dominated by one industry (though none with their own laws.)
The City is one small area where hardly anyone actually lives.
Exactly. So it kind-of makes sense that those workers are represented in local elections as well (via their employers), don't you think?
How is this different to SF (the 'city' in London isn't actually that big and smaller if you mean 'the square mile'), I assume most people commute to SF in as well?

It's not an apt comparison as firms are geographically distributed all over the bay area.

Literally nobody lives there (well, 7000 people do, out of a city of 8.5 million - 0.08%)
But people still commute there right? This is the point i'm trying to make, No one (and by that I man a small minority) lives in the city centre because it is too expensive. Applies to any major city on Earth which has suburbs.

I imagine the population during the day swells more than 100 fold...

The City of London is a weird ancient administrative division. It's not the whole of the city centre by any means, and not at all comparable to San Francisco.
There aren't too may startups in the Square Mile as it's defined. Just a couple of fintech ones in Canada square.

My point is still the same, not many people live in SF or in London but most of the people there during the day there, commute there.