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More Austerity Coming? Lessons From New York City's 1970s Fiscal Crisis, Marc Kagan Sep 2020

More Austerity Coming? Lessons From New York City's 1970s Fiscal Crisis, Marc Kagan

Publications and Research

Crises can be moments of opportunity, but it is not foreordained who will seize the ring. The Great Depression ultimately led to the New Deal/Great Society state and increasing equality. 1975 New York City fiscal crisis, on the other hand, laid the groundwork for decades of neoliberal austerity. Despite political vulnerabilities, bankers and their Washington allies acted boldly to protect imperiled assets and remake a city in which the working class wielded some power as a bastion of finance capital. Seemingly powerful unions abandoned the public they served, and followed a risk-averse strategy of concessions in exchange for junior-partner corporatism, …


100 Years: The Death Of John Purroy Mitchel – New York City’S Boy Mayor, Keith J. Muchowski Jul 2018

100 Years: The Death Of John Purroy Mitchel – New York City’S Boy Mayor, Keith J. Muchowski

Publications and Research

The blog post focuses on the life and times of John Purroy Mitchel, the mayor of New York City during the First World War. Mitchel was active in the Preparedness Movement and eventually killed in a military training exercise in July 1918, six months after leaving office.