From Welfare State to Real Estate: Regime Change in New York City, 1974 to the Present

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Written by Kim Moody

Published by The New Press

May, 2007

340 pages



City of Quartz meets Gotham—the dark side of the glittering metropolis. New York is a city of outlandish wealth and extreme deprivation, where the abundance of high-rise office space and luxury housing belies a poverty rate of nearly twice the national average. In From Welfare State to Real Estate, prominent labor activist Kim Moody argues that the city's business elite has tilted the political structure toward an agenda that puts real estate development ahead of human needs. The result is a new Gilded Age in America's first city, overseen by the nation's first billionaire mayor. Tracing this trend to its roots in 1975, when New York's once-generous welfare state was abandoned during a time of financial crisis, Moody shows how business leaders managed to seize an unprecedented degree of influence in local politics. From Koch to Bloomberg, the developmental bulldozer has extended its reach, placing more pressure on the city's beleaguered and divided working class. From Welfare State to Real Estate offers the first historical narrative of the key turning points in this process, from the redevelopment of Times Square to the current fight over Brooklyn's Atlantic Yards. It looks beneath the skyline to analyze the power struggles that have shaped this global city in the twenty-first century.


Title: From Welfare State to Real Estate: Regime Change in New York City, 1974 to the Present
Author: Kim Moody
Language: English
Length: 340
Edition: 1
Publisher: The New Press
Publication Date: 2007-05-01
ISBN-10: 1595580883
ISBN-13: 9781595580887