The Ongoing Disaster Of NYCHA: Why It's A Mistake Ever To Start Down The Road To Socialism
/NYCHA — the New York City Housing Authority to local cognoscenti — has been one of my favorite topics over the years. For a sampling of prior posts see here, here, here and here.
Multiple factors make NYCHA a core subject matter for this blog. First, it is one of the most prominent and largest examples in the U.S. of a major enterprise that operates on a very pure socialist model, with full public ownership of the assets and distribution of the “benefits” (deeply discounted housing units) on the basis of perceived “need.” Second, NYCHA has failed catastrophically, and for all the reasons that socialist endeavors are always doomed to inevitable failure. Third, NYCHA has demonstrated an ability to coerce for itself one taxpayer-funded rescue after another, making it an excellent illustration of the seeming inability to ever get rid of, or even scale back, a socialist failure, no matter how obvious or how disastrous it may be or how much it costs to keep it going. And finally, NYCHA illustrates the exploitation of ongoing failure as a way to enrich the well-connected cronies of politicians.
So now for the latest: A week ago, on December 1, New York City announced a deal with two developers to do a comprehensive rehabilitation and upgrade of two specific large NYCHA projects in the West Chelsea neighborhood of Manhattan.