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 Anarcho-Capitalist NEWS: Deluded de Blasio claims capitalism poses an existential threat

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Anarcho-Capitalist NEWS: Deluded de Blasio claims capitalism poses an existential threat Vide
PostSubject: Anarcho-Capitalist NEWS: Deluded de Blasio claims capitalism poses an existential threat   Anarcho-Capitalist NEWS: Deluded de Blasio claims capitalism poses an existential threat Icon_minitimeThu Feb 06, 2020 8:14 pm

After 6 years in office, de Blasio calls for New York City savior

Anarcho-Capitalist NEWS: Deluded de Blasio claims capitalism poses an existential threat ?url=https%3A%2F%2Fstatic.politico.com%2F55%2F49%2F2c28098d42279d24b2f9efa854b8%2F49498636967-1e8a20ac53-k-1

Mayor Bill de Blasio painted a dark portrait of the five boroughs Thursday in a State of the City speech that at times felt as if someone other than himself had been running local government for the last six years.
The theme of the event, “Save our City,” was a curious mantra for an administration entering its seventh year, but the mayor argued that despite his efforts in office, the forces of greed and capitalism posed an existential threat.

“This is a plan to save our city," de Blasio said, speaking on a theater-in-the-round-style stage reminiscent of town hall meetings, where he prefers to connect with voters. "I thought long and hard whether those words were called for, but I am convinced they are."
Yet for all the doom and gloom, the proposals in the plan appeared to largely be modifications of existing initiatives: a more affordable housing policy, some modest alterations in agency rules and an expansion of protections to some renters, to name a few.
Greedy property owners, a favorite punching bag of elected officials, featured prominently in the mayor’s portrait of contemporary New York City, where incomes do not match the rents and it is difficult to operate a small business.
“Our enemy in this struggle is an economic one," de Blasio said. "It's not that we have to fear street thugs, we have to fear bad landlords.”

Real estate is reeling from huge losses in Albany last year, and is hardly the all-powerful bugaboo it once was. And even during his recent, short-lived presidential run, de Blasio relied on real estate donations to stay afloat.
But it is true that the economic forces putting pressure on the housing market, such as a broad migration back to cities from the suburbs, are squeezing metropolitan centers across the globe and are far beyond the city’s control. And changes to tax policy that could put more money into hands of low-income New Yorkers are a legal impossibility for City Hall.
In a candid moment of his speech, the mayor conceded that one of his legacies, the affordable housing plan, is not enough to move the needle for most families in a city with roughly 3.5 million homes.
"We've been talking about an affordability crisis for years and we thought the tools we would apply would work and they've had an effect," the mayor said. "But I got to tell you more and more, this feels like one of those diseases that becomes resistant to antibiotics."
Real estate development has been around for centuries. And the idea that the city could somehow stamp out greed does not seem like a feasible policy goal. Local government does, however, have tremendous say over how land is used within its borders. And the mayor has demurred from pulling all the levers of power he enjoys as chief executive to reach his stated goals.

The administration had initially planned to rezone 15 neighborhoods that, when coupled with a powerful city zoning tool, were supposed to create market-rate and affordable housing in neighborhoods across the city. Yet the Council has proven unwilling to advance these plans other than in low-income neighborhoods where new construction is subsidized. And communities themselves have largely resisted change over fears of displacement or the introduction of new residents. The de Blasio administration has not been able to muster enough political heft to push its plans through or sell the larger populace on the merits.
On the commercial side, many mom-and-pop shops place the blame for their struggles not necessarily on their landlord, but on the red tape, fines and labor costs that are the product of city government.
De Blasio's solution, according to Thursday's speech, is to pump more capital into the existing housing plan to lower income requirements for new apartments, make zoning changes to incentivize apartments in basements and implement community land trusts. He will also create a blue-ribbon panel to explore helping commercial tenants.
While likely welcome news to housing advocates, the measures seemed to fall short of what de Blasio himself was calling for.
"We need to think differently, we need to act differently, and we need to dream differently," the mayor said. "We need to envision changes that for so long had been off the table."

https://www.politico.com/states/new-york/city-hall/story/2020/02/06/after-6-years-in-office-de-blasio-calls-for-new-york-city-savior-1259471

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