It is rather sad to see great cities fall apart, I remember a trip i took to Cleveland a couple years ago. The city was absolutely massive in size but as I drive the down the streets they were empty and the buildings were all vacant. I asked the taxi driver where everybody was and he told me how the city had gone from over 1,000,000 in population in the 1970's to under 500,000.
It is the nature of capitalism to reward the innovative and destroy the slow and corrupt. Detroit was a symbol of both. Liberal corruption had completely taken over and the market has served judgement without mercy. I always find it interesting to hear how liberals will say that to save Detroit we need to do more of what killed Detroit.
In this case pensions were the ultimate downfall. One of the big con games currently in city managment is to increase pension funding instead of giving raises to workers. The workers think they are getting a great deal because when they retire they are promised anywhere from 90 to 110 percent of their current working salary, I know I would take that deal. Of course it is all a con game by the politicians who never fund the pensions. So now some poor guy works 30-40 years with next to know wage increase and when he goes for his pension the liberal bureaucrats show him the door and give him the finger.
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