Historian Kim Phillips-Fein explains how the political response to New York City's 1970s fiscal crisis ignored the nationwide forces of suburbanization and de-industrialization, and stripping both the city of social services, and Democratic liberals of a vision for the future beyond capitalist solutions for capitalism's problems.
Kim is author of Fear City: New York's Fiscal Crisis and the Rise of Austerity Politics from Picador.
Kim Phillips-Fein is Robert Gardiner-Kenneth T. Jackson Professor of History at Columbia University. She is the author of Fear City, a finalist for the Pulitzer Prize, and Invisible Hands. She lives in New York City.