But how much of the latest building boom will actually improve the life of
Londoners?

London continues to attract people from all over the world — even if the
young, the creative and the unsure are increasingly pushed to the margins.
There was never a perfect moment. Yet walking through its fast-changing
streets there is a sense that the new is inevitably bigger than the old;
glassier, shinier, but rarely better. “The chief function of the city,”
wrote the urban historian Lewis Mumford in 1961, “is to convert power into
form, energy into culture, dead matter into the living symbols of art,
biological reproduction into social creativity.” The chief function of
London, today, it would seem, is to convert space into money. Is that
ambition enough?

http://on.ft.com/1qETRe0
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