8min chapter

Cautionary Tales with Tim Harford cover image

The City That Sold Itself To Wall Street

Cautionary Tales with Tim Harford

CHAPTER

The Chicago Parking Meter Controversy

This chapter examines Chicago's mayoral decision to privatize city services, particularly the parking meter system, during a financial crisis. It highlights the clash between city officials and the implications of the deal for residents, revealing widespread dissatisfaction with the aftermath of the agreement.

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