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I hope they can reinvent themselves, but what industry does Venice even have outside petrochemical refineries on the mainland?
I don't think it will ever completely remove tourism, but the current approach is going to ruin the tourist industry too.
There's nothing left in the old city any more, it's all tourism. And who's going to come to visit a bunch of overpriced souvenir shops on an island?
Do note that the city is sinking due to how and where they build the whole city, and tourism is accelerating the demise of it. So overtourism will kill the city one way or another.
For some tourists that is exactly the objective.
Glass
It needs restricted flows and entry tax which contributes to say...reducing the burden on existing tourism businesses when they take a hit from low sales. Been there before, it's way too busy and lacks the romance of old.
I imagine a large group of very wealthy people would be very in favour of a steep entry tax.
That's more a tax management issue, say for example the congestion charge in London brings in millions of revenue and ideally it should be driven towards green energy we'd hope.
It's moving like that in more places. The result is tourism for the rich. Everybody likes fewer visitors if they're large spenders.
Okinawa should take notes but they won't.