Fear City: New York's Fiscal Crisis and the Rise of Austerity Politics
| Author | : | |
| Rating | : | 4.26 (991 Votes) |
| Asin | : | B071Y4S7TQ |
| Format Type | : | |
| Number of Pages | : | 102 Pages |
| Publish Date | : | 2018-01-31 |
| Language | : | English |
DESCRIPTION:
Drawing on never-before-used archival sources and interviews with key players in the crisis, Fear City shows how the brush with bankruptcy permanently transformed New York - and reshaped ideas about government across America.. How could the country's largest metropolis fail? How could the capital of the financial world go bankrupt? Yet the city was indeed billions of dollars in the red, with no way to pay back its debts. When the news broke in 1975 that New York City was on the brink of fiscal collapse, few believed it was possible. The city had to slash services, freeze wages, and fire thousands of workers, they insisted, or financial apocalypse would ensue. Bankers and politicians alike seized upon the situation as evidence that social liberalism, which New York famously exemplified, was unworkable. With unions and ordinary ci
Marti said Find the clues. Very good to read. Well done.. Richard said Five Stars. No issues. Much more than just a history of New York City's budget crisis in the 1970s Fantastic book. Of course it's nice to know the history of 1970s New York in greater detail (including putting the headline "Ford to City: Drop Dead" in better context). But the true objective of this book is to show how New York's budget crisis was exploited by larger forces -- the ones you might have read about in this author previous book "Invisible Hands". It concludes by showing how the story of New York's near bankruptcy has been used to promote the idea that we can't afford the promises of the New Deal. I was also left thinking that in 2016, Bernie Sander