Whitestone Bridge

[originally published Sept. 11, 2018] Everyone has their 9/11 story. Mine is in a car heading to
Join the Pack: You have reached the maximum number of free, long-form articles for the month. Please click to join.

Paid Members can log in here.

To learn more about Epsilon Theory and be notified when we release new content sign up here. You’ll receive an email every week and your information will never be shared with anyone else.


  1. Well, that’s provocative!

    Cheers - Jon

  2. Absolutely no issue with your central points.
    But you might want to rethink your admiring point about Robert Moses.
    Yes, he got a bunch of useful infrastructure built (including the Whitestone Bridge) but this was in an age where extremely narrow interests could dislocate hundreds of thousands of people (mostly black and always lower class) thanks to a massive top-down propaganda effort (led by the New York Times) focused on “Yea Progress!”. Very little of Moses’ work fit the general New Deal pattern of investing in things that would directly benefit broad portions of society. It was largely for the benefit of the heavy construction industry and wealthy suburban commuters. Moses was more akin to todays Military-Industrial Complex where massive expenditures benefit a very narrow set of interests while doing things that provide no meaningful broad-based benefits.
    The Cross Bronx Expressway destroyed most of the Bronx, created the hellhole of the South Bronx killing all the industry there. New York City had huge vibrant working and middle class populations coexisting with the wealthy. Moses massively accelerated the process of extreme socio-economic segregation that is one of the key historical drivers of your widening gyre.

Continue the discussion at the Epsilon Theory Forum


The Latest From Epsilon Theory


This commentary is being provided to you as general information only and should not be taken as investment advice. The opinions expressed in these materials represent the personal views of the author(s). It is not investment research or a research recommendation, as it does not constitute substantive research or analysis. Any action that you take as a result of information contained in this document is ultimately your responsibility. Epsilon Theory will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Consult your investment advisor before making any investment decisions. It must be noted, that no one can accurately predict the future of the market with certainty or guarantee future investment performance. Past performance is not a guarantee of future results.

Statements in this communication are forward-looking statements. The forward-looking statements and other views expressed herein are as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and there is no guarantee that any predictions will come to pass. The views expressed herein are subject to change at any time, due to numerous market and other factors. Epsilon Theory disclaims any obligation to update publicly or revise any forward-looking statements or views expressed herein. This information is neither an offer to sell nor a solicitation of any offer to buy any securities. This commentary has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Epsilon Theory recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.