New York City is Dead, Killed by Democrats not Covid

New York is finished! Big Apple born-and-bred entrepreneur pens devastating blog on why city will never recover after being devastated by Covid, looting and a crime wave

  • James Altrucher has left New York City for Miami and may never return 
  • In a blog post on Monday, he said business opportunities, culture and the food scene in NYC had all gone  
  • They were wiped out by COVID-19, then a week of riots and looting sent other residents running for other cities
  • Now, crime and homelessness is on the rise which is stopping people from coming back 
  • It means that the city is not likely to recover as it has from every other crisis 
  • After 9/11, people were forced back to their office jobs because internet speed was too slow for people to work from home, he said 
  • Now, businesses can function entirely through Zoom 
  • Jamie Dimon, the CEO of JP Morgan Chase, said recently there was still a need to bring people back into offices
  • Facebook is also investing in New York City to try to ensure it will remain a global business center 

By JENNIFER SMITH FOR DAILYMAIL.COM

A born and bred New Yorker has laid bare why the city will never recover from the COVID-19 pandemic, a dark week of looting in June and its ongoing struggle against escalating crime, homelessness and violence.

James Altrucher, who co-owns a comedy club in the city and also describes himself as an angel investor and author, is among the many who have fled New York City.

He and his family fled to Miami after the June riots and looting made them fear for their lives and their children’s safety, when people tried to break into his apartment building.

He is convinced that the city will not ‘bounce back’, as many claim it will, and explains that unlike in previous times of crisis like 9/11 or the crime wave of the 70s, there is nothing bringing people back now because everyone can work remotely.

‘Even in the 1970s, and through the ’80s, when NYC was going bankrupt, even when it was the crime capital of the U.S. or close to it, it was still the capital of the business world (meaning, it was the primary place young people would go to build wealth and find opportunity,’ he wrote in his blog.

‘It was culturally on top of its game — home to artists, theater, media, advertising, publishing. And it was probably the food capital of the U.S.

‘NYC has never been locked down for five months. Not in any pandemic, war, financial crisis, never.

‘In the middle of the polio epidemic, when little kids (including my mother) were becoming paralyzed or dying (my mother ended up with a bad leg), NYC didn’t go through this,’ he wrote. 

THE END OF NYC CULTURE 

One of the things that used to attract people to the city is its endless amount of attractions. Now, all entertainment venues are closed for the foreseeable future.

‘I love NYC. When I first moved to NYC, it was a dream come true. Every corner was like a theater production happening right in front of me. So much personality, so many stories.

‘Every subculture I loved was in NYC. I could play chess all day and night. I could go to comedy clubs.

‘I could start any type of business. I could meet people. I had family, friends, opportunities. No matter what happened to me, NYC was a net I could fall back on and bounce back up.

‘Now it’s completely dead.

An abandoned Times Square on Saturday with a billboard welcoming people back to the city. Thousands have fled, crime is on the rise and there is growing concern for how leaders like de Blasio and Cuomo are responding to the crisis

An abandoned Times Square on Saturday with a billboard welcoming people back to the city. Thousands have fled, crime is on the rise and there is growing concern for how leaders like de Blasio and Cuomo are responding to the crisis

“But NYC always always bounces back.” No. Not this time.

“But NYC is the center of the financial universe. Opportunities will flourish here again.” Not this time.

This time is different. You’re never supposed to say that but this time it’s true. If you believe this time is no different, that NYC is resilient, I hope you’re right.

“NYC has experienced worse.” No it hasn’t,’ he wrote.

His comedy club are among those that have closed.

‘It’s a great club. It’s been around since 1986 and before that it was a theater…we have no idea when we will open. Nobody has any idea.

‘And the longer we remain closed, the less chance we will ever reopen profitably.

‘Broadway is closed until at least the spring. The Lincoln Center is closed. All the museums are closed.

‘Forget about the tens of thousands of jobs lost in these cultural centers. Forget even about the millions of dollars of tourist-generated revenues lost by the closing of these centers.

‘There are thousands of performers, producers, artists, and the entire ecosystem of art, theater, production, curation, that surrounds these cultural centers. People who have worked all of their lives for the right to be able to perform even once on Broadway, whose lives and careers have been put on hold.

‘I get it. There was a pandemic.

‘But the question now is: What happens next? And, given the uncertainty (since there is no known answer), and given the fact that people, cities, economies loathe uncertainty, we simply don’t know the answer and that’s a bad thing for New York City. ‘

Among the biggest loss is the closure of restaurants.

‘My favorite restaurant is closed for good. OK, let’s go to my second favorite. Closed for good. Third favorite, closed for good,’ he said.

FASTER INTERNET MAKES WORKING FROM HOME EASIER THAN AFTER 9/11

‘I lived three blocks from Ground Zero on 9/11.

‘Downtown, where I lived, was destroyed, but it came roaring back within two years. Such sadness and hardship and then quickly that area became the most attractive area in New York.

‘And in 2008/2009, there was much suffering during the Great Recession, again much hardship, but things came roaring back.

‘But… this time is different. You’re never supposed to say that but this time it’s true.

‘If you believe this time is no different, that NYC is resilient, I hope you’re right.

‘I don’t benefit from saying any of this. I love NYC. I was born there. I’ve lived there forever. I STILL live there. I love everything about NYC. I want 2019 back.

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes