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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (532703)	11/25/2009 3:39:05 PM
From: tejek	Read Replies (1) \| Respond to of 1576881

City employee unions are one source of the problem, but not the only one, and not even the only one mentioned in the article. City unions, private unions, high tax rates, overly interventionist state and local government, and overreliance on one particular industry which isn't doing so well in the US now, all play a role. Nonsense....utter and complete nonsense. If the Big Three were thriving, Detroit would be fine. The Big Three were poorly run companies by died-in-the-wool capitalists. They failed their markets in many ways. As a consequence, they were forced into BK. Now it looks like Detroit will go the same route. Detroit's big mistake......its dependency on one industry. And let's not forget the other cities on the list I provided you...........all failures under a capitalist economic system. What kind of system is capitalism if it can afford to toss aside whole cities and let them rot? We've been told that capitalism is so much better than communism. It may be better but not by a whole lot.......not if we can afford to abandon so many cities.