On 07/21/2013 01:04 PM, Richard J. Williams wrote: > John jr_esq: >> This is probably unavoidable given the problems that >> the city has had for many years. On the other hand, >> home prices over there are probably really cheap as >> compared to the rest of the country, if anyone is >> willing to invest. >> > So, it looks like the blue model's current bill of > health is pretty poor. Maybe Detroit is a warning - > for those who choose to heed it. Go figure. > > 'DETROIT: A CAUTIONARY EXAMPLE TO OTHER CITIES, > AND TO AMERICA. `Nothing works here': Reality on the > streets of a broken Motor City' > http://tinyurl.com/l39xmts > >
You know this is "karma" at work. Who was at the forefront of destroying mass transit in American cities? The auto companies with General Motors in the lead. If they had not done that then as capitalism is collapsing US cities would be better set up for it like the Soviet Union was when it collapsed. There are jobs in the Bay Area but who wants to spend 4 to 5 hours a day commuting which can happen if the job is only 40 miles away. The other part of the karma also for cities that weren't auto manufacturers was the promise of ridiculous pensions. I don't recall that pensions were ever supposed to keep providing you the same income as you had when working. They were supposed to provide a comfortable retirement better than just Social Security by itself. Screwball politicians (both right and left) believed that boom times were forever. We have always had boom and bust cycles and idiots were apparently elected who did not know history. And you can also blame electing union leaders who didn't understand this either. What will work? Let the US collapse. The people will pick up the pieces and rebuilt. The rich will be off in a corner crying like 5 years but who gives a shit about those selfish brats.
