Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
Stock Market Dow Elliott Wave Analysis Forecast - 13th Oct 19
The Most Successful IPOs Have This One Thing in Common - 13th Oct 19
Precious Metals & Stock Market VIX Are Set To Launch Dramatically Higher - 13th Oct 19
Discovery Sport EGR Valve Gasket Problems - Land Rover Dealer Fix - 13th Oct 19
Stock Market US Presidential Cycle - Video - 12th Oct 19
Social Security Is Screwing Millennials - 12th Oct 19
Gold Gifts Traders With Another Rotation Below $1500 - 12th Oct 19
US Dollar Index Trend Analysis - 11th Oct 19
China Golden Week Sales Exceed Expectations - 11th Oct 19
Stock Market Short-term Consolidation Does Not change Secular Bullish Trend - 11th Oct 19
The Allure of Upswings in Silver Mining Stocks - 11th Oct 19
US Housing Market 2018-2019 and 2006-2007: Similarities & Differences - 11th Oct 19
Now Is the Time to Load Up on 5G Stocks - 11th Oct 19
Why the Law Can’t Protect Your Money - 11th Oct 19
Will Miami be the First U.S. Real Estate Bubble to Burst? - 11th Oct 19
How Online Casinos Maximise Profits - 11th Oct 19
3 Tips for Picking Junior Gold Stocks - 10th Oct 19
How Does Inflation Affect Exchange Rates? - 10th Oct 19
This Is the Best Time to Load Up on These 3 Value Stocks - 10th Oct 19
What Makes this Gold Market Rally Different From All Others - 10th Oct 19
Stock Market US Presidential Cycle - 9th Oct 19
The IPO Market Is Nowhere Near a Bubble - 9th Oct 19
US Stock Markets Trade Sideways – Waiting on News/Guidance  - 9th Oct 19
Amazon Selling Fake Hard Drives - 4tb WD Blue - How to Check Your Drive is Genuine  - 9th Oct 19
Whatever Happened to Philippines Debt Slavery?  - 9th Oct 19
Gold in the Negative Real Interest Rates Environment - 9th Oct 19
The Later United States Empire - 9th Oct 19
Gold It’s All About Real Interest Rates Not the US Dollar - 8th Oct 19
A Trump Impeachment Would Cause The Stock Market To Rally - 8th Oct 19
The Benefits of Applying for Online Loans - 8th Oct 19
Is There Life Left In Cannabis - 8th Oct 19
Yield Curve Inversion Current State - 7th Oct 19
Silver Is Cheap – And Getting Cheaper - 7th Oct 19
Stock Market Back to Neutral - 7th Oct 19
Free Market Capitalism: Laughably Predictable - 7th Oct 19
Four Fundamental Reasons to Buy Gold and Silver - 7th Oct 19
Gold and Silver Taking a Breather - 7th Oct 19
Check Engine Warning Light ECU Dealer Diagnostic Cost - Land Rover Discovery Sport - 6th Oct 19
Natural Gas Reloads For Another Price Rally - 6th Oct 19
Understanding and Purchasing different types of Plastic Building Materials Online - 6th Oct 19
Craig Hemke: Ignore the Elliott Wave “Buffoons” Calling for a Gold Crash - 6th Oct 19
Stock Market 6 Month Trend Forecast Conclusion - Video - 6th Oct 19
The True Causes Behind the Yield Curve Inversion and Gold - 5th Oct 19
Strategies on how to be a Successful CFD Trader - 5th Oct 19
Gold Stocks Correction Underway - 5th Oct 19
Climate Change When the Levee Breaks - 5th Oct 19
Federal Reserve Bank ‘Guarantees’ Dow Will Not Sink Below 26k - 5th Oct 19
The Russell and Transportation Tell A Completely Different Stock Market Story - 4th Oct 19
Confidence Drives the Economy and Trump’s Trade War Is Killing It - 4th Oct 19
ADL Predicts Crude Oil Prices Will Fall Below $40 - 4th Oct 19
Investing Money? Why You Need a Reputable Accountant - 4th Oct 19
Stumbling Manufacturing and Rising Gold – Now or Later? - 4th Oct 19
Silver Eyes Fourth Quarter Rebound - 4th Oct 19
Gold Price Forecast to Exceed $10,000/Ounce - 3rd Oct 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast Oct - Dec 2019 by Nadeem Walayat

Bringing the Wild West back to Alaska

Politics / US Politics May 18, 2018 - 04:10 PM GMT

By: Stephen_Merrill

Politics

Amid Alaska's deep recession with no end in sight, it is the city of Anchorage that suffers the most. Beyond losing jobs and longtime residents on a sharp curve downward, Anchorage has been afflicted by a spike in crime, including violent crime. Downtown Anchorage is dying slowly.

That is quite a conundrum for a place that fate seemed destined to reward as beautiful and prosperous forever, given what the natural world already provides. The remedy I'd like to suggest for Southcentral Alaska is one that has brought sudden, massive economic growth to places far less likely to succeed than Anchorage.


My recommended solution is to allow people to enjoy a peaceful hedonism that most nations still prohibit in theory. The Anchorage Strip would be just one district of the city. There, casinos, brothels, cannabis clubs, liquor and other human passions would be met for the going price.

Of course, Wild West hedonism in the big city is nothing new to Alaska, though it's largely suppressed now. Back in the day, Fourth Avenue was wilder than anything found in Las Vegas today. But the big party did not bring visitors to the city on its own. It was the fur, gold and oil that brought the money to Anchorage to spend.

So, what has changed since then that would make an Anchorage Strip a real success? Just addicting a large sector of the local population to gambling and associated pastimes is no plan for success, but failure instead.

The difference today is global travel on a large scale. That modernization combines with the shape of the globe to make Anchorage an ideal location for a good party, interrupting long flights across time zones. Each day, thousands upon thousands of Americans are flying from the East Coast to Japan, China and other points in Asia. The same is true for travelers in reverse, coming to Boston, New York or Washington, D.C. These are the people who have the money to truly enjoy a wild trip to Anchorage.

When Asia-North America flights to or from the East Coast used to require a stop for refueling, hundreds of thousands of passengers would pass through the North Terminal at the Anchorage airport with only handfuls of people ever leaving the terminal on the ground. This is because the globe is much more quickly flown across its top. The shape of the Earth still makes the Anchorage airport today the absolute global hub for airborne trade shipments of every sort. Anchorage lies no more than a 10-hour flight from 90 percent of the industrialized world's economies.

There are still plenty of big passenger planes that do not fly routes longer than 4,000 miles at a time. They follow the money. There are many, many well-off people on long trips who would stop by wild Anchorage for something new entirely if given the chance.

In Japan and China, brothels remain unlawful, unlike many parts of Asia. Both nations ban cannabis. Both are true for the East Coast, too. Gambling is outlawed in China. Yet the Chinese love to gamble. In the space of 20 years, the Macau gambling resort, located a one-hour ferry ride from Hong Kong, has already become twice the size of Las Vegas in amounts wagered.

Traditionally illegal in Japan, a new casino district with restrained rules is coming online soon to compete with the all-powerful gangster class there. The new gambling district near Tokyo will be no match though for the appetite of the Japanese people.

So let the flood of air passengers to Anchorage's north terminal resume, this time with most getting off their plane to enjoy a new Alaska. Because the good times can start rolling anew in Anchorage, like nowhere else. Pass the few new laws needed to see if the casinos and high-rollers come on their own. There is little cost or risk to this high-reward plan.

Stephen Merrill is an Anchorage attorney and an author on sociology and politics making the case for libertarian government. He served as a Navy JAG Corps officer and then as a top-secret cleared intelligence officer in the Naval Reserve.

Publication of his recent stories appear at Market Oracle.

© 2017 Copyright  Stephen Merrill - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules