Is New York Over?

The city is indeed at a moment of reckoning—not simply because of the pandemic, but because of what it had already become. After the fiscal crisis of 1975, New York and its economy were restructured around tourism, high finance, luxury retail, and real estate. On the glittering surface, things had never looked better. By 2019, New York was richer than it had ever been before, its population at an all-time high and its forests of glass towers rising ever higher. Nearly 65 million tourists