June 30, 2009 @ 5:15 pm
Crisis and Opportunity: The ongoing tale of politicians and real estate moguls

Photo Credit: pdx3525
It is by now a cliché that every crisis is an opportunity. The Obama administration is using the nation’s multiple crises to transform virtually every aspect of domestic and foreign policy. Whether or not one agrees with the policies, the public is in broad agreement that the president is acting out of what he regards as the country’s best interests.
Regrettably, the crisis-opportunity formula as applied to the city’s perpetual housing crises yields very different results. The crisis is real enough but the opportunities are all about maximizing profits, and entrenching cooperative politicians in office. That’s the real meaning of the public-private partnerships that theoreticians and government officials are fond of talking about. If further proof is needed, we would only point to the transparently bogus claim that “continued leadership in this moment of crisis” requires the mayor and city council members who otherwise would be term limited to serve at least another four years.
Read rest of story…
Filed under Independence Plaza: A Tenant's Tale, Reading List Permalink · No Comments »





