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While I mostly agree with you, I think it's right to focus on capital outlay on one level: getting to the bottom of why it's so huge. Comparable cities like Lon
by untog 8y ago
While I mostly agree with you, I think it's right to focus on capital outlay on one level: getting to the bottom of why it's so huge. Comparable cities like London and Paris complete large projects spending a fraction of the money, and they have to contend with unions and high rise building just like New York does. Increasingly it seems like New York State politics are corrupt to the core, and the MTA is just a reflection of that.
- jfoutz 8y agoNot at all. Each actor should extract maximum compensation for the value they provide for their efforts. Europe underpays at every level so it’s “cheaper “ but not an accurate representation of fair market value.
- ravar 8y agoFair market value is not defined uniquely in one off transactions. It's very possible that what happens in both nations is a fair market price. If this is true it then becomes natural to ask how we, the taxpayer, can get a better deal like they do in Europe.
- deleted 8y ago[deleted]
- deleted 8y ago[deleted]
- patrickg_zill 8y agoNew York state politics (and also New York city politics) are indeed, corrupt to the core. Do a search on "new york city political corruption" to see a selection of the scandals.
- bobthepanda 8y agoI'd recommend The Power Broker, which documents how Robert Moses used a toll authority to broker an unprecedented empire of spoils so that he could ram his highways through any opposition. And that was as late as '68.