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Paying for It | The municipal bond market strangles socialism.
(thebaffler.com)
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this post was submitted on 18 Nov 2025
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electoralism
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If mamdani still has pull with DSA, they could leverage civil disorder in NYC into concessions. It's easy to take the state hierarchy of power wrt NYC as stone, but over 1/3 of the people in that state live in NYC.
but is the state not also to some extent at the mercy of the bond market? obviously they have more options though.
less so than NYC and the asks they're making are relatively small on the scale of the state budget