Mayor Michael R. Bloomberg, who has said that New York should be open to any legal business that wants to come here, was asked by a reporter on Thursday about the hearing and if it was in the city’s best interest to let Wal-Mart set up shop.Bloomberg has similarly suggested that the market for sports teams is a free market, which, of course, it's not. It's a cartel, with limited supply.
“You should let the marketplace decide,” he said. “Anybody who has tried to manage the marketplace, it has not turned out very well. I think the Soviet Union is as good an example as you’d ever need of that.”
And that leads localities to offer subsidies and other support to encourage them, such as an inside track on valuable public property like development rights to a railyard.
That's why Bloomberg’s identification with the developer, nearly 18 months before the Metropolitan Transportation Authority’s belated RFP for its Vanderbilt Yard, was clear in this verbal slip: "Then, we’ve got to find a find a ways--Bruce Ratner’s got to find a ways--to build this complex in Brooklyn."