fbpx
Politics Foreign Affairs Culture Fellows Program

Steinbrenner: Bad for New York City, Bad for America

Mayor Bloomberg is calling George Steinbrenner a “quintessential New Yorker.”  If so, that’s too bad for New York.  Overlooked in all the encomiums to the late Yankee owner is this: He was constantly threatening to leave New York City unless he got the conditions he wanted That’s from former Mayor Koch. Steinbrenner made a career […]

Mayor Bloomberg is calling George Steinbrenner a “quintessential New Yorker.”  If so, that’s too bad for New York.  Overlooked in all the encomiums to the late Yankee owner is this:

He was constantly threatening to leave New York City unless he got the conditions he wanted

That’s from former Mayor Koch. Steinbrenner made a career of extracting subsidies from New York City.  Only recently, the new Yankee Stadium was financed to the tune of $1.2 billion of public subsidies.  (See this excellent post several years ago by Ilya Somin of the Volokh Conspiracy.) George Will apparently once wrote that Steinbrenner “overflow[ed] with the animal spirits that fuel capitalism in its rawer forms.”  If Steinbrenner was a capitalist then give me socialism! He made a fortune through corporate welfare of the most egregious kind.  Too bad Major Koch didn’t tell Steinbrenner to take his Yankees elsewhere.

Advertisement

Comments

The American Conservative Memberships
Become a Member today for a growing stake in the conservative movement.
Join here!
Join here