Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin, Gold and Silver Markets Brief - 18th Feb 25
Harnessing Market Insights to Drive Financial Success - 18th Feb 25
Stock Market Bubble 2025 - 11th Feb 25
Fed Interest Rate Cut Probability - 11th Feb 25
Global Liquidity Prepares to Fire Bull Market Booster Rockets - 11th Feb 25
Stock Market Sentiment Speaks: A Long-Term Bear Market Is Simply Impossible Today - 11th Feb 25
A Stock Market Chart That’s Out of This World - 11th Feb 25
These Are The Banks The Fed Believes Will Fail - 11th Feb 25
S&P 500: Dangerous Fragility Near Record High - 11th Feb 25
Stocks, Bitcoin and Crypto Markets Get High on Donald Trump Pump - 10th Feb 25
Bitcoin Break Out, MSTR Rocket to the Moon! AI Tech Stocks Earnings Season - 10th Feb 25
Liquidity and Inflation - 10th Feb 25
Gold Stocks Valuation Anomaly - 10th Feb 25
Stocks, Bitcoin and Crypto's Under President Donald Pump - 8th Feb 25
Transition to a New Global Monetary System - 8th Feb 25
Betting On Outliers: Yuri Milner and the Art of the Power Law - 8th Feb 25
President Black Swan Slithers into the Year of the Snake, Chaos Rules! - 2nd Feb 25
Trump's Squid Game America, a Year of Black Swans and Bull Market Pumps - 24th Jan 25
Japan Interest Rate Hike - Black Swan Panic Event Incoming? - 23rd Jan 25
It's Five Nights at Freddy's Again! - 12th Jan 25
Squid Game Stock Market 2025 - 5th Jan 25

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

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.


© 2005-2022 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