In a piece for Harper’s Magazine, Kevin Baker writes about the continued rise of affluence in New York, at the expensive of diversity, community, and affordability (via kottke):
New York has been my home for more than forty years, from the year after the city’s supposed nadir in 1975, when it nearly went bankrupt. I have seen all the periods of boom and bust since, almost all of them related to the “paper economy” of finance and real estate speculation that took over the city long before it did the rest of the nation. But I have never seen what is going on now: the systematic, wholesale transformation of New York into a reserve of the obscenely wealthy and the barely here—a place increasingly devoid of the idiosyncrasy, the complexity, the opportunity, and the roiling excitement that make a city great.
As New York enters the third decade of the twenty-first century, it is in imminent danger of becoming something it has never been before: unremarkable. It is approaching a state where it is no longer a significant cultural entity but the world’s largest gated community, with a few cupcake shops here and there. For the first time in its history, New York is, well, boring.
Boring is the wrong word and trivializes all the bad things Baker lists out that have happened in New York. I don’t give a shit if New York boring. What pisses me off about New York in 2018 is that it continues to cement it’s status as a playground for the rich.
A culturally “rich” city is the result of diversity: of income, of ethnicity, of trade, of perspective, and many other things. New York continues to trade a rich culture for a culture of rich.