How Did the Scale That Power Operated Shape the Crisis?

The conventional wisdom blames spendthrift liberals like mayor john lindsay, and even maybe more abraham beam. It blames unionized public sector workers and the poor and diverse public that they served. The scale at which real power resided was so much higher up and harder to wrap one's arms around because you had emergency financial control board,. above them the federal government, and then, even more abstractly, system of financialized capitalism.