The Golden City Finds Itself Less Golden; Debate Ignites Around Real-Life Virtues of Capitalism vs. Socialism

Headline Roundup May 23rd, 2019

This week, the Washington Post published an article titled "How San Francisco Broke America's Heart," which brought up high costs of living and high rent as some reasons that so many residents of the Bay City are disgruntled. The author further blamed San Francisco's 'unbridled capitalism' clashing with progressive ideals for the lack of growth and opportunity for non-tech employers and employees- specifically citing teacher and social worker shortages across the city. The Blaze responded, essentially mocking the Washington Post article for the retaliation it received on social media platforms. The rebuke cites San Francisco's restrictive government and overbearing regulations for its housing qualms. CNBC cites a survey to predict where Tech companies are considering a move.

The Golden City Finds Itself Less Golden; Debate Ignites Around Real-Life Virtues of Capitalism vs. Socialism

From the Right
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The Washington Post was excoriated and mocked by many on social media for blaming the ills of of one America's most liberal cities on capitalism.

The article entitled, "How San Francisco broke America's heart," appeared in the style section and was published on Tuesday. It cites skyrocketing rent as the reason why so many progressives are now complaining that the city is unlivable.

One quote from the Salesforce founder stuck out to many as extremely out of touch.

"This is unregulated capitalism, unbridled capitalism, capitalism run amok," said Marc Benioff....

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From the Center
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Bay Area tech workers plan to flee San Francisco for the more affordable locale of ... New York City.

That’s what Wealthfront, an investment management firm that provides robo-advisor services, found when it surveyed nearly 2,700 of its clients who work in the Bay Area at tech companies.

The survey is based on a data analysis of clients through the first five months of 2019.

Fewer than a quarter of Wealthfront’s tech clients in the Bay Area plan to purchase a home in San Francisco proper.

Those who choose to...

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From the Left
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SAN FRANCISCO — A Tuesday afternoon in the Mission District of America’s tech wonderland.

Michael Feno stands outside Lucca Ravioli, his beloved pasta emporium on Valencia, a vestige of old San Francisco, puffing on a cigar while posing for pictures, his customers in tears.

Living in this city’s radically shifting landscape, veterinarian Gina Henriksen found comfort by telling herself, “Thank God, Lucca is still here. If Lucca goes, I’m going to have to leave San Francisco. What do we have left?”

Lucca is no longer here.

After 94 years, doors...

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