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Barron's: What's the Matter With New York?

By Thomas G. Donlan | Barron's
January 25, 2014

Mayor Bill de Blasio has a vision of government that will turn back the clock.

It's too early to blame Mayor Bill de Blasio for New York City's loss of industrial power and corporate headquarters. But his time will come. And we can blame his progressive policies, because they are the same ones espoused or tolerated by every mayor back to John "Red Mike" Hylan, who froze the five-cent fare in the 1920s and put the private transit companies on the road to bankruptcy.

In 24 years of fighting crime and grime under Mayors Rudolph Giuliani and Michael Bloomberg, New York City came a long way up. Under de Blasio, it stands a sorrowfully good chance of losing its way again.

A decade ago, Thomas Frank asked, "What's the matter with Kansas?" in a book of that name. He said he thought Kansans supported right-wing policies that were bad for them: "Privatization. Deregulation. Monopolies in every industry from banking to radio to meatpacking. The destruction of the welfare state. The beatdown of the labor movement. The transformation of the Midwest into the rust belt. And, shimmering in the heavens above all this, the rise of a new plutocracy."

Now, as de Blasio takes up arms against business, from finance to the Central Park horse-carriage drivers, it's time to ask, "What's the matter with New York?"

New Yorkers, or at least many of those who voted for de Blasio, support policies that are bad for them. Among them: public solutions for private problems financed with high taxes on high incomes; excessive regulation; monopolistic public services; the exaltation of the welfare state; and the uplift and preservation of unions, particularly public-employee unions. And, shimmering in the heavens above all this, a plutocracy of politicians, crony capitalists, and civil-service pensioners.

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New Yorkers

voted for the commies let them have them. They will regret it.

Exactly.

Those people actually believe in socialism-communism. Let them have it, who cares. I wouldn't live there for anything. Commiefornia, either.

Cyril's picture

A few interesting comments at this Barron's article, btw...

A few interesting comments at this Barron's article, btw...

'Wish I could up vote some of them. Go figure.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

.

(Well, good luck, NYC...)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

As Nero rosins his bow... I

As Nero rosins his bow... I say let it burn.

"If I'd lived in Roman times, I'd have lived in Rome. Where else? Today America is the Roman Empire and New York is Rome itself."
- John Lennon

“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.” ― Henry Ford.

Great quote

If you can't beat 'em...

The Diamond Dog is a real cool cat. | Reporting on the world from an altitude of 420.

Cyril's picture

+1

...

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

I'd be quite easily willing to bet $1,000 that with such "team":

I'd be quite easily willing to bet $1,000 that, with such "team":

1) NYC's situation is simply going to deteriorate steadily for an indeterminate number of years;

2) the same team in charge will manage to blame whomever of their subject population for any and all of their own policy failures, while taking ever more of tax payer money to continue plundering with more of their same - "policies".

Collectivist bureaucrats never learn and are never willing to admit the systematic utter failure of their plans.

When, to top it off, they become observably ever easier to corrupt further:

just leave, run away, as soon as you possibly can.

(or if one can leave even earlier, the better)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

What a

Stinger!