Here’s the thing abt NY —> it is both the center of global finance/some of the valuable real estate in the world and home to a powerful working class political tradition.https://twitter.com/willbredderman/status/1274450001905815552 …
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The decades rent stabilization battles obviously demonstrate this. It is the legacy of the mid-20th century socialist movement, the Black Panthers, the Young Lords, etc that rent control never fully disappeared. When the working class wins things, it’s hard to roll them back.
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At the same time, the loopholes — designed so the system would self destruct — were passed at the behest of landlords who wield massive ideological influence in both political parties.
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One counter factual I often ponder is what the NY tenant movement could/would be doing if we were fighting to, say, lift the ban on rent control versus fighting to reform a system that already exists.
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