Detroit and Globalization

July 19th, 2013 at 1:56 pm

My take on the bankruptcy, over at the NYT Economix blog.

And here’s what we ought to consider doing about it.

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2 comments in reply to "Detroit and Globalization"

  1. save_the_rustbelt says:

    Read the new book by Bob Lutz.

    For three decades management and the UAW did everything possible to throw away market share, and did throw away about 45%.

    Conservatives blame the UAW.

    Liberals blame management.

    Truth is, plenty of blame to go around.

  2. PeonInChief says:

    I wonder what Detroit could have done to prevent the de-industrialization, given that the neoliberal turn to services was US government policy through several Republican and Democratic administrations, in support of the decisions of major US corporations. What you don’t point out, and what is most important, is that this is what was SUPPOSED to happen. That it also stripped many African Americans of the wealth they accumulated over a couple of generations is just, so far as the American elite is concerned, a “happy” accident.