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RedWizard [he/him, comrade/them]@hexbear.netM to electoralism@hexbear.netEnglish · 11 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.

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RedWizard [he/him, comrade/them]@hexbear.netM to electoralism@hexbear.netEnglish · 11 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.
  • Euergetes [none/use name]@hexbear.net
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    11 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

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