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1/27/2016 10:41:02 AM
2
Politics was not the only thing that caused the downfall of Detroit.
Industry moving to others countries had a huge effect. I grew up in Flint, and watched tens of thousands lose jobs. I'm quite sure profit not politics drove this move.
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additionally, huge amounts of public debt due to heavy government spending with poor results is a political problem
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i partially agree, but why did that business move? i would argue the cost of doing business became too great due to high taxes, increased regulation, and increased labor cost due to unions (e.g. auto industry), which put them at a great disadvantage compared to their Japanese competitors who could operate at lower costs more efficiently.
