june 1926

In Manhattan, the homeless shelters are full, and the luxury skyscrapers are vacant.

Such is the tale of two cities within America’s largest metro. Even as 80,000 people sleep in New York City’s shelters or on its streets, Manhattan residents have watched skinny condominium skyscrapers rise across the island. These colossal stalagmites initially transformed not only the city’s skyline but also the real-estate market for new homes. From 2011 to 2019, the average price of a newly listed condo in New York soared from $1.15 million to $3.77 million.

But the bust is upon us. Today, nearly half of the Manhattan luxury-condo units that have come onto the market in the past five years are still unsold, according to The New York Times.

In April 1963, King was jailed in Birmingham, Alabama, after he defied a state court’s injunction and led a march of black protesters without a permit, urging an Easter boycott of white-owned stores. A statement published in The Birmingham News, written by eight moderate white clergymen, criticized the march and other demonstrations.

This prompted King to write a lengthy response, begun in the margins of the newspaper. He smuggled it out with the help of his lawyer, and the nearly 7,000 words were transcribed. The eloquent call for “constructive, nonviolent tension” to force an end to unjust laws became a landmark document of the civil-rights movement. The letter was printed in part or in full by several publications, including the New York Post, Liberation magazine, The New Leader, and The Christian Century. The Atlantic published it in the August 1963 issue.

When Ayatollah Ali Khamenei led prayers at Tehran’s Grand Mosque for the first time in eight years on Friday, Iran’s supreme leader described the downing of Ukrainian Airlines Fight 752 by his military as a “bitter accident”—one that enemies abroad were exploiting as an excuse to discredit the Islamic Republic. But the real threat to the regime, which has spent decades trying to cement its rule, is the discontent of the Iranian public. Both the plane crash on January 8 and the cover-up that followed struck at the heart of the grievances that shape Iranians’ anger toward and alienation from their government. And if the demise of Flight 752 revealed the government’s malign disregard for its own citizens, its relentless suppression of the subsequent protests has only underscored its imperviousness to any meaningful accountability.

Many college-educated people think they are deeply engaged in politics. They follow the news—reading articles like this one—and debate the latest developments on social media. They might sign an online petition or throw a $5 online donation at a presidential candidate. Mostly, they consume political information as a way of satisfying their own emotional and intellectual needs. These people are political hobbyists. What they are doing is no closer to engaging in politics than watching SportsCenter is to playing football.

For Querys Matias, politics isn’t just a hobby. Matias is a 63-year-old immigrant from the Dominican Republic. She lives in Haverhill, Massachusetts, a small city on the New Hampshire border. In her day job, Querys is a bus monitor for a special-needs school. In her evenings, she amasses power.  

For decades, whole regions, nations even, have tried to model themselves on a particular ideal of innovation, the lifeblood of the modern economy. From Apple to Facebook, Silicon Valley’s freewheeling ecosystem of new, nimble corporations created massive wealth and retilted the world’s economic axis. Silicon Valley meant young companies scrambling to create the next great thing, and that scramble delivered new products to the world, so innovation became linked to start-ups.

AnnaLee Saxenian, a professor at the UC Berkeley School of Information, literally wrote the book on what differentiated the Valley from other centers of technology (particularly New England’s Route 128). The key words were decentralized and fluid. You worked for Silicon Valley, and working for Silicon Valley often meant striking out on your own, not only to make your name, but because innovation itself required small firms with new visions. That’s how disruption happened, no?