Goldman Sachs epitomizes New York.
If only. In reality, they are polar opposites. GS is an organization that hires only the best, and fires non-producers. In contrast, New York state subsidizes failure. GS is populated by liberal New Yorkers, but its employees are the sharpest people on Wall Street. NY is lucky to have inherited the legacy of being the center of finance of this great country, as well as a good number of other sectors. Without these inherited advantages, it would be in greater trouble than Puerto Rico.