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

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

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.