Posts Tagged ‘Kim Phillips-Fein’

New York: Our Fear City

June 3, 2017

Over the past several years, I have learned much about the history of SoHo writing this blog. I am, however, just beginning to understand the complex historical context in which our neighborhood developed. It did not, after all, appear in a vacuum.

Just this week, I began reading Fear City: New York’s Fiscal Crisis and the Rise of Austerity Politics, an excellent new book by Kim Phillips-Fein, historian and friend of SMP. The book takes an in-depth look at New York in the mid-1970’s, when it was on the brink of bankruptcy, as well as the aftermath of the austerity plan that would eventually bring our fair city back to life. Kevin Baker of The Guardian says of the time:

New York’s fiscal crisis of the mid-1970s is surely one of the weirdest moments in the history of the city – indeed, of the United States. It was a time when the wholesale disintegration of the largest city in the most powerful nation on earth seemed entirely possible. A time when the American president, Gerald Ford – egged on by his young chief of staff, one Donald Rumsfeld – sought not to succour New York but to deliberately shame and humble it, and perhaps even replace it as the world’s leading financial centre.

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