Volume 27, Number 19 · December 4, 1980
The Coming Emergency and What Can Be Done About It
By Felix G. Rohatyn
What is the outlook for American society and, more specifically, how can our society adapt to an economy in distress? It is a vast question that I can only speak to from a rather limited, but nonetheless eye-opening, experience, as chairman of New York's Municipal Assistance Corporation. But, in brief, I would say that the outlook for American society is highly uncertain and that it cannot, in the long run, adapt itself to an economy in distress.
Feature, 4551 words
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