Tuesday, July 23, 2013

A new start for Detroit

The bad news is that Detroit is the largest city to file for bankruptcy.  The good news is that Detroit now has a real chance to reinvent itself and become a dynamic place for business.

We know what happened in Detroit.  The images of today's Detroit are devastating.

First, the taxpayers moved out.  They took their taxes to the suburbs as has happened in other metropolitan areas.

Second, the public schools failed miserably. 

Third, the Democrats and the public sector unions messed up everything.  Too many promises, lousy services and a political system that automatically elected and reelected  Democrats.

Fourth, the auto industry left for greener pastures, such as "right to work" states in Texas, Tennessee, Kentucky, etc.

That's the past.  What can we do now?

Turn Detroit into the most attractive place on earth to start a business.  Encourage entrepreneurs, like the car makers of 100 years ago, to make and create the industries of tomorrow.

It won't happen overnight but it will work.  Give capitalism a chance in Detroit and you'll see how quickly the city will turn around.

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