MoneyballPosted: Thursday, August 21, 2008
Sorry I haven’t linked to my man Mark Kriegel as often as I should — I am still having trouble forgiving him for going Hollywood and moving to sunny L.A., to say nothing of his current employer — but he has hit it right on the head with this column, which my Father the Would-Be Sportswriter shared with me.
Kriegel argues that New York has truly become home of the Hedge Fund Class, and its sports teams are reflecting that reality. Forget Gawker’s Creative Underclass — they (we) are just the rabble mob muttering underneath this pile of money. Yes, the money has arguably brought a cleaner, safer city, but at the cost of keeping it, and by extension most of the desirable places in the state and the country, nearly unaffordable to the middle class, to say nothing of anyone trying to support a family at a lower rate than that.
It’s a weird twist on Benjamin Franklin’s famous quote on liberty and safety — the money has brought both (or as much as attainable in these dark days), but at a cost that none but the wealthy can afford.
At least the Yankees are not laying off workers part-time, at least as far as we know. Then again, who knows what Hank Steinbrenner has up his sleeves for the average front-office worker?