Saturday, November 08, 2014

Why did Detroit fail?

For every reason anyone can think of, but, the city's population declined. No matter how much the mayor and council tried to save Detroit, there were less and less people to make the city hum. 

Population, the Middle Class disappeared. That is what caused Detroit to fail. 

June 27, 2013
By Larry Edwards
...Global economic shifts (click here)
did not help—Detroit’s Big Three have struggled to compete with foreign carmakers. But the big problem is that Motown has seen a “perfect storm of mistakes at every level”, says Jennifer Bradley of the Brookings Institution, a think-tank. Its leaders ran up debts that a shrinking population could never pay. Those debts forced the city to raise taxes and cut services. That made Detroit a less appealing place to live, causing the population to shrink even more. Moving to the affluent (and politically separate) suburbs is easy, so many people have.

Only 30% of the jobs within the city are held by residents, and 61% of Detroiters who work do so outside the city, according to Bruce Katz, also of Brookings....