Published on November 13th, 20130
The Case Against Bill de Blasio
Ed Glaeser’s rebuttal to Bill de Blasio’s claim that economic inequality is the biggest problem NYC faces:
Mayoral hopeful Bill de Blasio has made “the crisis of income inequality” in New York a major theme of his campaign, arguing that “it must be at the very center of our vision for the next four years.” But the city’s inequality is more a sign of its success than a crisis, and, no matter how much you hope for greater equality world-wide, it is hard to imagine a successful city-level welfare state.
New York’s inequality is extreme. Manhattan is the most unequal big county in the U.S., and the New York area is the country’s seventh most unequal metropolitan area. The Bronx and Brooklyn are more unequal than 90% of America’s more than 3,000 counties.
But this extreme inequality reflects other extraordinary aspects of New York: the massive global financial markets based here, America’s most accessible public transit system, hyper-dense immigrant communities and broad social services, like public housing. These forces attract both rich and poor to New York, and New York should not be ashamed of that economic diversity.
Read more: http://nydn.us/GVlxFk