Howdy dear students and friends!
This is an extremely tough ESL practice activity… yep, it is WNYC’s radio podcast!!!
You’ll hear Theda Palmer Saxton and Jean Green Dorsey, both residents of Stonehenge Village, the building on the Upper West Side of Manhattan with the controversial gym. Stephen Dubner also talks to Steve Levitt and Daniel Hamermesh, a professor of economics at Royal Holloway University of London and Professor Emeritus at the University of Texas at Austin. (Hamermesh was on the show most recently talking about discrimination and looks.) As you’ll hear, Levitt and Hamermesh have pretty different points of view:
LEVITT: I would call this disrespect. It’s intentionally showing through your actions that you have no respect for the old-guard people, and rubbing it in their face in a way that markets don’t really do. Markets are not moral or immoral, they’re amoral. Markets don’t care. In a market world, you say, ‘I don’t care if you live here or not. I don’t care who the identity of the person is. As long as you pay the right price and you don’t impose negative stuff on other people, it’s fine.’
HAMERMESH: The owner had to spend money creating this gym, right? How is the owner going to get the money back by giving it away for free to people who are already getting an extremely good deal? Essentially what the people who are rent-controlled want is a bigger subsidy than what they’re already getting. Isn’t that pretty greedy?