12 work are helpful to understand urbanization in America, with lessons for urbanization globally: Alexander Hamilton and Jane Jacobs. Hamilton was the organizer and coauthor of The Federalist Papers, a Founding Father of the United States, and the first Secretary of the Treasury. Among other accomplishments, he founded the New York Post and the Bank of New York. His was a story of the immigrant who finds opportunity in New York City. https://www.youtube.com/embed/36U6w- ZXVBPc Jane Jacobs was a Canadian-American author and journalist who wrote The Death and Life of Great American Cities, The Economy of Cities, and Cities and the Wealth of Nations. She made a remarkable contribution to our thinking about successful cities, describing them as engines of innovation and economic wealth and zeroing in on what makes a city human, livable, and wealthy. Jacobs also focused us on how successful cities attract ambitious talent and create a higher learning metabolism because of the density of communication and activity. A city well done, Jacobs argued, is a significant generator of pro- ductivity, innovation, and wealth. I agree. There is no telling what the human race can cook up when we get together. https://player.vimeo.com/video/3314950 One of the videos we highlighted in the 2nd Quarter 2018 Wrap Up describes the remarkable economy of Shenzen, which demonstrates this potential wealth-creating dynamic of cities. https://www.youtube.com/embed/ SGJ5cZnoodY My love affair with cities was not to last, however. In the 1980s, the same narcotics trafficking that had destroyed my community in West Philadelphia when I was a teenager moved out from the inner cities into the cities more broadly, with the crack cocaine epidemic. One of my favorite authors on contemporary America, poet and essayist Michael Ventura, was inspired to write an essay, “We All Live in the South Bronx Now.” “We all live in the South Bronx because that neighborhood is the unavoidable proof that American civilization can stop. It can stop literally right around the corner, and if it does nobody can do a thing about it. Those drug profits and the profits of finan- cial fraud flowed into Wall Street, changing the culture and institutions in profound ways, as described in my online book Dillon Read and Co. Inc. and the Aristocracy of Stock Profits. https://player.vimeo.com/video/209784343?- color=ffe400&title=0&byline=0&portrait=0 II. Megacities & the Growth of Global Real Estate Companies