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RedWizard [he/him, comrade/them]@hexbear.netM to electoralism@hexbear.netEnglish · 10 days ago

Paying for It | The municipal bond market strangles socialism.

thebaffler.com

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Paying for It | The municipal bond market strangles socialism.

thebaffler.com

RedWizard [he/him, comrade/them]@hexbear.netM to electoralism@hexbear.netEnglish · 10 days ago
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Paying for It | David I. Backer
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Should Zohran Mamdani become the next mayor of New York City, he will be restricted by the municipal bond market.
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  • reader [comrade/them]@hexbear.net
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    10 days ago

    Yet another layer of structures to enforce capitalist realism and push austerity. Genuinely not sure how you push through all this besides just like, gaining absolute power and doing Socialism in One City which obviously isn’t super viable.

    • stink@lemmygrad.ml
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      10 days ago

      Lenin discussed Municipal Socialism here: https://www.marxists.org/archive/lenin/works/1907/agrprogr/ch04s7.htm

      • reader [comrade/them]@hexbear.net
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        10 days ago

        Worth the read, thank you!

        Its easy to be hopeless in the US and want to aim low, for “achievable” goals, but ultimately I think this is the correct take.

      • RedWizard [he/him, comrade/them]@hexbear.netOPM
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        10 days ago

        ✍️

    • RedWizard [he/him, comrade/them]@hexbear.netOPM
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      10 days ago

      You have to use the power and reach of your office to agitate. Imagine if this was a press release from the Chicago Mayor office. It’s unfortunate it’s not.

      • reader [comrade/them]@hexbear.net
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        10 days ago

        Very true. That would help. Maybe Mamdani will be better, though honestly I’m not confident in that.

    • Euergetes [none/use name]@hexbear.net
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      10 days ago

      If mamdani still has pull with DSA, they could leverage civil disorder in NYC into concessions. It’s easy to take the state hierarchy of power wrt NYC as stone, but over 1/3 of the people in that state live in NYC.

      • reader [comrade/them]@hexbear.net
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        10 days ago

        but is the state not also to some extent at the mercy of the bond market? obviously they have more options though.

        • Euergetes [none/use name]@hexbear.net
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          10 days ago

          less so than NYC and the asks they’re making are relatively small on the scale of the state budget

    • RiotDoll [she/her, she/her]@hexbear.netM
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      10 days ago

      deleted by creator

  • vovchik_ilich [he/him]@hexbear.net
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    10 days ago

    NY gonna have its Syriza arc?

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