An alternative thread to the one started by Eco in order to discuss what is happening in Detroit.
A review of Detroit's Bankruptcy
by the mustachioed libertarian John Stossel.
The Detroit News revealed that Detroit in 2011 had around twice as many municipal employees per capita as cities with comparable populations. The city water and sewer department employed a "horseshoer" even though it keeps no horses.
Politicians think they know best, but they can't alter the laws of economics. They can't make mismanaged industries, constant government meddling, welfare and bureaucratic labor union rules (Detroit has 47 unions) into a formula for success.
And if you criticized them for it, politicians like former Mayor Coleman Young called you a racist. "To attack Detroit is to attack black," Young said. That tends to shut critics up.
at Salon blames Republicans. Though I don't think Republicans have a monopoly on crony capitalism.
For a good sense of some of the most expensive, absurd and utterly wasteful boondoggles in the Detroit area over the last few decades, read this piece from Crain’s Detroit or see this 2011 article entitled “Detroit’s Corporate Welfare Binge” by Detroit News columnist Bill Johnson. Alternately, recall this is in the heart of a region whose governments infamously spent $55 million of taxpayer money in 1975 (or a whopping $180 million in inflation-adjusted dollars) on one professional football stadium, then spent another $300 million on yet another football stadium, then sold off the original stadium for just $583,000. Or, just note that Detroit is the largest city in a state that, according to the New York Times, spends more per capita on corporate subsidies — $672 or $6.6 billion a year — than most other states.