Showing posts with label Detroit. Show all posts
Showing posts with label Detroit. Show all posts

Sunday, February 9, 2014

Detroit: A Vision of America’s Potential Future

Picture taken from The Guardian
Once the wealthiest city in America, known as the “arsenal of democracy,” Detroit was the fourth largest city in the U.S. in the 1960s with a population of two million. Now a microcosm of everything wrong with the American economy, Detroit has become nothing more than a devastated landscape of urban decay with a population of 714,000.

Unfortunately, Detroit is not alone. All across America cities are being devastated by their own collapsed manufacturing bases: Detroit: A Vision of America’s Potential Future (article from Economy In Crisis)

Related:

Wednesday, July 24, 2013

"Detroit's decline is a distinctively capitalist failure" - Richard Wolff



Interesting piece in The Guardian yesterday by Richard D. Wolff, Professor of Economics Emeritus, University of Massachusetts:
"The auto industry Big Three were loyal only to shareholders, not the people of Detroit. The city was gutted by that social choice."

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