Detroit, a case study in collapse

Apparently, Detroit is in worse shape than previously thought.

We’ve been collecting operating deficits at about $18 million to $20 million a year. That’s nobody’s fault

, I think, frankly, the mayor and the council has done the best they can with what they have. The city has probably cut as much as it can cut to the bone now, and so its been trying to operate on the basis of borrowing short-term loans all the time,” he said. No one's fault? Surely it's someone's fault.

 

The answer to Detroit?  Send camera crews and watch it burn on  TV.