Behind the News: The Utopian Dreams of AI Moguls w/ Émile Torres
Jacobin Radio
00:00
The Economic Paradox of Attracting Wealthy Residents
This chapter examines New York City's reliance on wealthy individuals for economic growth and the resulting social costs, including infrastructure debt and industry externalities. It highlights the historical shift in economic strategies from the 19th century to the present, critiquing the long-term implications of prioritizing the wealthy.
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