Historian Kim Phillips-Fein joins us to discuss her new book, Fear City: New York's Fiscal Crisis and the Rise of Austerity Politics.
Organizing by labor unions and the working class yielded New York strong public institutions and democratic sensibilities. But economic and political forces pushed the city to near bankruptcy in the mid-70s. Then the politics pivoted to personal responsibility. Public services faced drastic cuts, while corporations and wealthy individuals received tax breaks. It’s a prelude to today’s fiscal conservatism.
Kim Phillips-Fein, associate professor at the Gallatin School of Individualized Study at New York University and author of Fear City: New York's Fiscal Crisis and the Rise of Austerity Politics.