By Michael Gecan
An established group organizer outlines the way to opposite the fifty-year decline in social mobility and financial development.
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Additional info for After America's Midlife Crisis (Boston Review Books)
New York has a blur of faces and multiple points of interest. One conclusion is that it is better in the long run—as an individual or as a municipality—to face reality. Sometimes, a crisis, such as New York’s flirtation with bankruptcy, can help trigger that confrontation. The reality in New York 30 years ago was that both the market and the government had failed miserably—the market unwilling to invest in devastated areas or support a dying city, the government wasting hundreds of millions on do-nothing programs run by local groups connected to hapless pols.
The current alignment of local and michael gecan national dynastic leadership, tired liberal programs, stale conservative tax policies, and fragmented municipal entities is all wrong. A new alignment—a new generation of local leaders, visionary supporters like the late Bishop Francis J. Mugavero, top professionals in the fields of finance and new business creation, academic talent that is neither too cautious nor on the establishment’s payroll—is needed. Better yet, a number of new alignments.
These three major improvements—in housing, transportation, and crime—are so large in scale that they are hard to see, absorb, or interpret. Each had a different trajectory and a different character, but they shared some characteristics. after america’s midlife crisis Each was extremely costly, requiring sustained financial support for fifteen years or more. But each long-term investment, once it hit critical mass, also generated extraordinary value. The value of real estate has soared in the toughest and most distant corners of each borough.
After America's Midlife Crisis (Boston Review Books) by Michael Gecan