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ANDREW STROMBECK ong figured as a natural consequence of white flight and northern deindustrialization, the mid-seventies New York fiscal crisis (in which the city government, in the wake of a looming debt default, effectively ceded wide control to a board made up primarily of bankers) has received recent attention as a key site of both the ascendance of neoliberal models of governance and the death-knell of the welfare state. In his widely read A Brief History of Neoliberalism (2005), for example, geographer David Harvey frames this crisis as a test case for the neoliberal policies of privatization that would come to dominate the United States and globe in the coming decades.1 Moreover, as historian Michael B. Katz summarizes, the city as "abandoned" space became, for the welfare state's critics, "a living example" of its failure, a physical Thanks to Thomas Heise, Crystal Lake, and the anonymous readers for Contemporary Literature for their thoughtful comments on drafts of this article. 1. Economist William K. Tabb provides an important source for Harvey in The Long Default (1982). Tabb argues that the New York default in the 1970s, and its consequent ceding of control to the Emergency Financial Control Board, helped
Contemporary Literature – University of Wisconsin Press
Published: Nov 12, 2015
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