by Fred Siegel
Manhattan Institute
July 23, 2009
City Journal
Without fundamental changes, the regeneration of the city and state economies in New York, shorn of Wall Street’s extraordinary profits, is hard to conceive. If the Madisonian tensions essential for a healthy society are to be restored, reformers must recognize that political and economic reforms are inextricably intertwined. In a continuous pas de deux, New York’s future industries depend on restoring political accountability, which in turn depends on the creation of new industries that can furnish alternate perspectives.

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