Under this solution, what is in store for the city? Not one set ofsacrifices, but continuing severe cutbacks in service and a cycling down-ward into further decay are to be expected—to be ended only when“planned shrinkage” gets rid of enough of the poor, and unionizationamong municipal workers has been adequately beaten back.
The fiscal crisis is a recurring pattern in capitalist economies like NYC. Similar breakdowns will continue to happen when economic expansion is continuously prioritized. Instead of addressing the causes of a fiscal crisis, service and budget are cut, and the government divests in poor communities. Only the government can choose to prioritize social needs over market desires, and only then will this cycle become less popular.