The Skyscraper Curse

Monday, December 11, 2006

The Skyscraper Curse

The skyscraper curse is an unscientific correlation between tallest building projects and financial crises. History shows numerous examples of this.

Be it in Kuala Lumpur in 1997, Chicago in 1974, New York in 1930 or the biblical Tower of Babel long ago, mankind's penchant for architectural overreach is a strangely reliable omen of troubles.

It's an interesting theory, and while the announcement of all the "tall building" projects in Dubai was not a direct result of problems in the economy, it might have been part of the "ramp effect" that caused people to rush in to unchartered territories. The height is symbolic of the heights that leaders see to what can be achieved here in the UAE. However, skyscrapers are also good curtains shadowing those things underneath that might not be so successful. Whether you believe in the former or the latter, the skyscraper curse is one that always looms, especially for those that believe that the competition for the skies marks the beginning of the end of the world. For those that got stung by the Middle East stock market crash, the symbol of all these tall buildings is a constant reminder of when they thought their world had collapsed.

The `Skyscraper Curse' Is Worth Watching in 2007: William Pesek

1 Comments:

Anonymous Anonymous said...

That is an excellent story. No doubt a harbinger for things to come!

10:24 AM  

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