Ed Glaser on the rise and fall of Detroit

posted by
November 7, 2011
Let A Thousand Nations Bloom
by Mike Gibson  
Posted in Commentary

"Detroit, despite losing over half its population, is still in decline. It is now even more in thrall to legislating regulations that thwart entrepreneurs than it used to be. What gives? The pessimistic answer is that these things take time. Eventually conditions will bottom out and only then can the city regroup with better laws amenable to civilization and growth. The more pessimistic answer is that even though living in Detroit became a losing proposition and people fled, company men have called in the feds again and again to buttress dead businesses, keeping moribund institutions intact." (11/06/11)

http://bit.ly/vEY17I  

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