Image by @Michael via Flickr
The attached video (“Detroit in Ruins”) offers a number of opinions as to why the city of Detroit is a largely wasteland. This ruin is particularly poignant since “in the day,” Detroit had the highest median income in the USA. Today, Detroit’s median income is #68.
The video blames Detroit’s liberal government, teachers’ union, and labor unions as the principle causes for the city’s collapse.
All of those accusation may be true, but I want to stress that Detroit has collapsed because: 1) INDUSTRY is the primary source of most urban wealth; and 2) the primary Detroit industry (auto manufacturing) has effectively fled Detroit.
Point: If you lose your industrial base, you’re headed for poverty and social collapse.
Detroit’s collapse offers a tangible evidence of what’s likely to happen to the entire USA thanks to “global free trade”.
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