In the aftermath of Hurricane Sandy the loss of life and property highlighted that the proximity to water, which had once made New York City a global economic powerhouse had become a liability and preventative action would be required. Sandy’s destructive power can largely be attributed to a storm surge of about 9 ft.
Whereas trusts are illegal, the legality of monopolies is more nuanced. Having monopoly power is not in itself an antitrust violation, though it is a prerequisite for an antitrust charge. At the heart of the argument for the existence of monopolies is Judge Learned Hand’s view in the landmark case United States v. Alcoa: “The successful competitor, having been urged to compete, must not be turned upon when he wins.”
All of the issues addressed in the previous volumes- overheating, water loss, and energy waste- affect tenants just as much as they do building owners. As a result, the City of New York has laid out more public-private partnerships aimed at boosting the autonomy of individual tenants and achieving economic justice.
One of the best ways to fight the burdensome electricity costs associated with inefficient building systems is through on-site power generation. Though installation may be initially intimidating, three programs exist to aid New Yorkers in creating clean, independent electricity that they may profit from by selling it back to the grid.