June 12, 2007

THE MARKET IS A BEE-AHTCH:

Upward Trajectory (EDWARD GLAESER, June 12, 2007, NY Sun)

Mayor Bloomberg is making a spectacular exit from office, spending his well-earned political capital to give the city a much-needed congestion charge. Mayor Giuliani's ended his term as gloriously "America's Mayor" shepherding his city, and his country, through the horrors of 9/11. New York's mayors didn't always leave office so well.

Seventy-five years ago, Mayor Walker resigned and fled to Europe to avoid removal and possible criminal investigation because of his penchant for accepting large gifts. In 1950, Mayor O'Dwyer resigned to become Ambassador to Mexico in the midst of a police corruption scandal. In the 1970s, Mayors Lindsay and Beame left office with little glory, as their free spending created financial chaos.

The evolution of New York's mayors from Walker to Lindsay to Bloomberg represents an upward trajectory, where honesty replaced corruption and competence replaced ideology. Many forces drove New York to elect better mayors, but the most important factor was that the mobility of firms and people made the costs of bad government painfully obvious.

Posted by Orrin Judd at June 12, 2007 11:05 AM
Comments

New Yorkers as boat people.

Posted by: Luciferous at June 12, 2007 11:46 AM

"...but the most important factor was that the mobility of firms and people made the costs of bad government painfully obvious."

For a view of the obvious, please see Detroit, Michigan.

Posted by: Mikey [TypeKey Profile Page] at June 12, 2007 12:10 PM
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