The Elder Statement : New York: The death of a once great city

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Monday, July 2, 2018

New York: The death of a once great city

elderstatement.com July 02, 2018 New York: The death of a once great city , 0 Comments

By Harpers, July 01, 2018

New York has been my home for more than forty years, from the year after the city’s supposed nadir in 1975, when it nearly went bankrupt. I have seen all the periods of boom and bust since, almost all of them related to the “paper economy” of finance and real estate speculation that took over the city long before it did the rest of the nation. But I have never seen what is going on now: the systematic, wholesale transformation of New York into a reserve of the obscenely wealthy and the barely here—a place increasingly devoid of the idiosyncrasy, the complexity, the opportunity, and the roiling excitement that make a city great.