I’ve never been one for revelry, and I have a dislike of journalistic clichés to begin with. (Does anyone besides a journalist say “revelry”?) But I did go out on First Night in Boston once or twice, and if you’ll forgive me for saying so, it was neat. The strange part is, the whole thing is illegal. Not according to the laws of Boston; the mayor started it. Rather it is against the laws of economics, as conventionally propounded at least.
Those so-called laws say that what belongs to everyone belongs to no one, and therefore is sentenced to neglect and decay. No one will invest in that which they do not own. Hence the extension of “intellectual property” rights to practically any notion that passes through the pecuniarily disposed mind. Well, no one owns New Years Eve. Yet hotels, restaurants, places of entertainment – whole cities – are investing like crazy. Back in 1997, Rudolph Giuliani, then-mayor of New York City, proclaimed that New Year’s Eve brought an extra $57 million in economic benefits to the Times Square area alone.