Saturday, September 4, 2010


In 2000 the Germans began construction of a new business and residential development in an old warehouse wharf neighborhood by Hamburg. They expect to have it mainly finished by the year 2030.

Ever the prudent engineers, the Germans consulted the best science available at the time, and have planned the new development to handle rises in sea level and flooding that may result from global warming. Not entirely coincidentally, the efficiencies of the new development also fight global warming at the source, by reducing carbon emissions.

This is your real explanation of the German banking genius- judicious and continuous pump-priming by governmental bodies investing in the future, over long periods of time. Take special note of the amounts of time required.

You can read more about HafenCity here.

No comments: