Some of our readers may wonder why we repeatedly worry about giving the mayor any additional powers. It’s because we believe that our current system of government tends to select city-wide leaders who support the interests of Manhattan’s finance and real estate industries — to the detriment of other boroughs and other industries. As important as finance and real estate are for the city’s financial solvency (right now, they’re still crucial), they don’t tend to create middle-income jobs, which can leave us in a vulnerable place in an economic downturn, as in 2008-2009. Simply put, we’ve placed too many of our eggs in one or two baskets. Continue reading
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