“Dallas is ‘unabashedly American’ in its embrace of meritocracy and free enterprise.”

The Economist’s Schumpeter column
.…quoting a venture capitalist while addressing the question, “Does Dallas offer a vision of America’s future?”

A recent column in The Economist asks the question “Does Dallas offer a vision of America’s future?” The answer in a nutshell: “In America Inc’s fever dreams, more cities turn Dallas-like in their pro-business temperament—and America as a whole transforms into a continent-size small-government Texas.”

The Schumpeter column in The Economist is a nom de plume named after Joseph Schumpeter, an early 20th century economist who popularized the term “creative destruction.” Contrasting Dallas’ relatively pancake-flat topography with its meteoric business growth, the columnist writes that the city’s “commercial ascent in recent years has been about as breathtaking as it gets.”

The column notes that public companies based in Dallas-Fort Worth are collectively worth $1.5 trillion—”double the amount from five years ago.” Other features lauded by the column: DFW’s “enviable standard of living,” “excellent universities,” “vast freight hub,”  and “the world’s third-busiest airport.” Not to mention that by next year, “Dallas may have its own stock exchange, with lower fees and fewer rules than in New York.” 

You can read the whole take on Dallas as a vision for America’s future by going here.

For more of who said what about all things North Texas, check out Every Last Word.

Get on the list.
Dallas Innovates, every day.

Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.