Part 6/12:
Debating the future of the financial industry, Moore reveals that Dallas now boasts more financial services jobs than New York City—an astonishing shift considering New York’s century-long dominance as a financial capital. With the recent establishment of the Texas Stock Exchange, he suggests that the traditional center of finance is under threat. The dominance of electronically traded markets, coupled with states’ tax policies, has begun a migration of economic activity away from New York.