A Half-Century after New York City’s Fiscal Collapse, the City’s Politicians Have Learned Nothing

by July 3, 2025

July 3, 2025

Voters in last week‘s Democratic Primary in New York City had to choose between a socialist and a crony capitalist. They chose the socialist. Fifty years ago, Establishment politicians drove the city into de facto bankruptcy. A new generation of political elites are doing the same.

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A Half-Century after New York City’s Fiscal Collapse, the City’s Politicians Have Learned Nothing

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