Robert Fitch argues that, within a generation, New York City has been transformed from the richest city in the world to one of the poorest in North America. The pillars of its economy - Macy's, The Daily News, Citibank, Olympia and York, the Trump organization - have cracked or collapsed. Today, the officially poor in New York number nearly 2,000,000 and more than 400,000 residents of the city are without jobs.
Robert Fitch argues that, within a generation, New York City has been transformed from the richest city in the world to one of the poorest in North Am...