 when I want to talk a little bit about about New York and and there's this article it's in the New York Post about why New York is dead and you know this whole there's a whole article it's it's the article's name is New York City is dead forever it's written by James Altscher who I guess is a is a stand-up comic and a businessman and owner of a comedy club in New York and and it's really well-written and it's really interesting and part of the argument is part of the argument against the New York is that first let me say something about New York I mean New York is the greatest city ever it's just it's just this I've never lived there but I've always wanted to although I think it's too late it what a great city it is you know it's a business it's a it's a it's a city of business it's a city of banking it's a city of production it's a city where everybody's on the move constantly where everybody is going somewhere at least this used to be New York City New York City is a city of skyscrapers skyscrapers is representing production representing work representing achievement representing the making and creating of values New York City is the city of finance is the city of Wall Street it is the city that has been at the heart of American capitalism at the core of American capitalism for as long as American capitalism has been around and I know we don't have capitalism today but whatever element of free markets we have today has been guided by New York by its allocation of capital by its stock market by its banks by its institutions New York is a dynamic exciting business world in which startups and venture capitalists thrive at least used to if you want to raise money for anything before the financial crisis released before 2008 you didn't go to Washington DC nobody in America went to Washington DC if they were interested in a new venture we're going to raise money we're gonna start something exciting and new and big they went to New York City or Silicon Valley but New York City if you were going to go public you went to New York City any big venture in America including the big ventures of Silicon Valley ultimately went through New York City but it's not just that it's a finance capital and a business capital and an entrepreneurial capital it is the cultural mecca of this country whether it is whether you love jazz or whether you love comedy or whether you love theater or whether you love museums or whether you love opera or whether you love classical music New York is where it was New York was the center of the American culture the center of the American world and if you love food as I do and you love restaurants and you love variety of food nowhere on planet earth was the more variety everything from the best five-star restaurants to street food to every ethnic food to just a plethora of choices if you left shopping you left Fifth Avenue if you left if you left Christmas Fifth Avenue and Christmas time was a celebration New York was a once in all of human history kind of city it had a grandeur a passion and excitement and energy there was all about capitalism even long after capitalism had died or the remnants of capitalism had died it was about success it is about success and in five months in 2020 the governor and the mayor of New York killed New York they killed New York now you can throw in the president of the United States into the mix as well by failing by failing dramatically to control the virus to control the coronavirus by panicking and shutting everything down by giving the most panicked more conservative most risk-averse advice possible not advice using the power of the state to enforce it unbelievable somebody says are you still blaming Trump for this of course all of this it Trump's fault it could have all been stopped in February March we didn't have to get to this point never had to get to this point never had to be where we are today the level of of deficient leadership is unbelievable I've I've explained it a million times already you're gonna have to go back to one of my covert shows to discover had how Trump how Trump blew this of course Trump had everything to do Trump was Trump among other things was wailing against the Blasio for not shutting down New York City early enough so you can't I mean you guys you don't actually listen to Trump you have an imaginary Trump in your head and you follow what the imaginary Trump says and you you pretend that there's consistency there but he changes his mind every month and there was a period in March where he was wailing against the Blasio for not shutting down the city but that's not the issue the issue was that if the corona virus had been dealt with in February then it would have never needed they would have never got to the point of shutting down the city but anyway I don't want to get this into a rant about about about Trump as much as I enjoy those but I've said this so many times if you're interested I don't think many of you are I think you just argue for the sake of arguing you're not interested in my point of view if you're interested in my point of view my my views on Trump are well documented my views on Trump versus covert or well documented my views on Trump versus covert versus shutting down New York or well documented you can go back and listen to my shows yeah I don't actually say anything no it's you don't actually listen because I've been saying it in great detail but here you are listening to me that's what I find fascinating people come on come on the chat to insult me saying that I say nothing and there's nothing of value that I say and it's all hot air but here they are sitting and listening isn't that fascinating anyway I'm gonna ignore you for now New York City magnificent city and in our political class our politicians from the federal government down have destroyed it by shutting it down there is no culture in New York today by closing the restaurants 60% by some estimates of those restaurants are gone and be very difficult to replace the number of people leaving New York is astronomical nobody knows exactly what the numbers are rents are dropping by 30 to 50% real estate prices in New York are gonna drop and prices elsewhere all around the country in suburban neighborhoods are rising what maybe covert did was accelerate another trend which is we suddenly realized we suddenly realize that we don't need to go into the office we can actually work at home that zoom is incredibly efficient and that bandwidth because it's so much higher today can actually facilitate pretty good meetings pretty good interaction and that maybe we don't need to go into crowded elevators to work on the 50th floor with dozens of other people what for so there's a cultural mecca where are these artists who haven't been at work for five months and probably will not be at work until middle of 2021 where are they they're gone where are the people who worked in the restaurants where the people who own the restaurants who shut them down and closed them they can't afford to live in New York anymore they got restaurants will improve across America from the refugees from New York the restaurants in New York are gone I know many of the banks in New York the big banks the ones that occupy whole skyscrapers they're not gonna open anytime soon and if they do open they'll open with very few staff I mean many of them open now but they have about 10% of the people who used to work they're working out so New York is a shell of what it used to be comedy clubs when is a comedy club gonna open up again when is a concert gonna open up again when is the next time when is the next time we are going to have concerts and and and Broadway where's Broadway Broadway's gone New York seems like it's dying and crime in New York used to be higher than it is today that is true but there was always hope because the fundamentals in New York were always there was always vibrant and exciting and opportunities and and there was always stuff reason to come back so even when crime was double what it is today in the 1970s and 80s people kept coming back because of the value that it represented but they've stopped but they won't why even though crime is low because all of those values are gone the business value is dissipated I think business will come back but most of it will have gone thank you CKJ I appreciate the support particularly given the abuse I'm getting on super chat right now the culture is not there and because of the riots because of the demonstrations crime is on the rise homelessness is on the rise the whole idea of defunding the police what has that done that has increased crime is increased homelessness I mean the homelessness right now in New York City is horrific disgusting awful their behavior their aggressiveness reminds you of San Francisco but the Blasio and the Blasio won't do anything about it the police are being defunded the police have been noted so they're not gonna do anything about it she's got anarchy in the streets of New York now where it's not empty you've got chaos you've got a horrible lifestyle people have left people living in Florida and Atlanta and all over the country Nashville will they ever come back not if New York doesn't get attacked together but is there any hope for New York to get attacked together I don't see it I don't see where from who could do it so the state of New York is is super sad even though again crime rates is not as high they used to be it's only gonna get worse now because the police is dysfunctional it's only gonna get worse now because there is a Marxist mayor who is unbelievably incompetent and is basically favored the looters and demonstrators over productive individuals it's not gonna get better because companies have figured out they don't have to be in New York and they don't have to have people working in the office it's not gonna get better because restaurants that close they're never coming back it's not gonna get better because the cultural institutions who knows if they open and when they do open who's gonna perform they who's gonna be there so witnessing maybe I hope I'm wrong I hope this article is wrong what we're witnessing maybe is the first big major sign of the West's collapse and that is the collapse of New York City and it's not just a bankruptcy of the 1970s this is much deeper and much worse because even though New York was bankrupt everybody wanted to go to New York everybody loved New York everybody thought New York was cool and there was no option there was no alternative to New York today the internet is the alternative to New York what's the leading fruity city in the US going to be now well I mean it was New York in San Francisco and and both those as cities I think San Francisco has is more likely to survive in New York but both are in trouble in major major trouble okay let's see we got some let's see we got some questions see if there's anything related do you think any cities will recover that are not in California York City in Boston what is the future financial capital of the US will we create another I don't know I don't know what happens to finance I think it gets diffused I mean the stock market's not going away a lot of the banks will stay in New York but it's gonna be more diffused you know Charlotte is a big financial center I think I think Dallas will become more of a financial center Atlanta and of course San Francisco and Los Angeles but cities are not going to recover cities are taking a real blow and I don't know if they can recover I you know it's hard to make these kind of predictions and it's dangerous to make these kind of predictions but it's going to take a while for the big cities given the shutdown given the riots and given the continued shutdown it's still true that in New York is mostly shut down it's going to be very difficult to cities like San Francisco New York Chicago to recover from this DC will do great DC always does great because there's plenty of money in DC they're printing they just printed 3.7 trillion dollars in DC and all the people who touch their money all living DC DC is thriving there's construction everywhere it's a booming place booming booming place but I think I think cities that are I think Florida will continue to thrive because Florida is basically the least regulated the least regulated place in the least regulated state in the Union it's got no state income tax it is generally friendly right it's generally friendly to business and generally friendly to people to live so I think Florida does well and and it's hard to tell you know it's hard to tell it's hard to tell us what the backlash will be and what the fix will be Texas Florida Tennessee places like that are going to do well national is beautiful Florida is amazing Texas is amazing all those places a good low taxes relatively low regulatory load what we need today what I called a new intellectual would be any man or woman who is willing to think meaning any man or woman who knows that men's life must be guided by reason by the intellect not by feelings wishes women's or mystic revelations any man or woman who values his life and who does not get want to give in to today's cult of the stare cynicism and impotence and does not intend to give up the world to the dark ages and to the role of the collectivist brought all right before we go on reminder please like the show we've got 163 live listeners right now 30 likes that should be at least a hundred I figure at least a hundred of you actually like the show maybe they're like 60 of the Matthews out there who hate it but but at least the people who like it you know I want to see I want to see a thumbs up there you go start liking it I want to see that go to a hundred all it takes is a click of a click of a thing whether you're looking at this and you know the likes matter it's not an issue of my ego it's an issue of the algorithm the more you like 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