The Economist On Detroit ‘A Phoenix Emerges’

Full piece here (soon behind a paywall…addition: As a friends puts it: The neo-liberal eye of The Economist has passed over you, Detroit citizen, as an illuminating beam cast over the economic seas from lighthouse London upon your listing freighter of a city. Be grateful for its brief warmth and piercing wisdom. Behold and rejoice.)

‘After a judge approves a bankruptcy plan objectors have 14 days to file appeals. Yet appeals are unlikely at this stage as the tough battles with retirees and creditors have all been fought. Many are now optimistic about Detroit’s chances for recovery. “It can be done,” says Mr Spiotto. His colleague, Mr Pottow, compares the city to an alcoholic who has sobered up. The question is whether Detroit will have the strength and support to avoid past temptations of profligacy, mismanagement and corruption.’

Best wishes, Detroit, but you’ve got to clear out the rubble.

Via Curbed Detroit. (via David Thompson)

Visit the DIA and see what they have.

Over five years ago, when GM stock was selling at $2 a share and the debt-holders had been wiped out, this blog put up the video below.  Here’s a brief 2:00 min explanation by Bill Ackman of Pershing Square on why the GM bailout was likely a bad idea.

Politicians reward their friends, and some of the same Detroit ideas we’ve taken national.  Americans in general are likely not going to think well of their politics for awhile, but we could first stop the bleeding, create less incentive for those looking to oversee the spoils, laws, and regulations, and figure out how to grow the economy at a faster rate:

————

You Can Have It

My brother comes home from work
and climbs the stairs to our room.
I can hear the bed groan and his shoes drop
one by one. You can have it, he says.

The moonlight streams in the window
and his unshaven face is whitened
like the face of the moon. He will sleep
long after noon and waken to find me gone.

Thirty years will pass before I remember
that moment when suddenly I knew each man
has one brother who dies when he sleeps
and sleeps when he rises to face this life,

and that together they are only one man
sharing a heart that always labours, hands
yellowed and cracked, a mouth that gasps
for breath and asks, Am I gonna make it?

All night at the ice plant he had fed
the chute its silvery blocks, and then I
stacked cases of orange soda for the children
of Kentucky, one gray boxcar at a time

with always two more waiting. We were twenty
for such a short time and always in
the wrong clothes, crusted with dirt
and sweat. I think now we were never twenty.

In 1948 the city of Detroit, founded
by de la Mothe Cadillac for the distant purposes
of Henry Ford, no one wakened or died,
no one walked the streets or stoked a furnace,

for there was no such year, and now
that year has fallen off all the old newspapers,
calendars, doctors’ appointments, bonds
wedding certificates, drivers licenses.

The city slept. The snow turned to ice.
The ice to standing pools or rivers
racing in the gutters. Then the bright grass rose
between the thousands of cracked squares,

and that grass died. I give you back 1948.
I give you all the years from then
to the coming one. Give me back the moon
with its frail light falling across a face.

Give me back my young brother, hard
and furious, with wide shoulders and a curse
for God and burning eyes that look upon
all creation and say, You can have it.

Philip Levine

There’s definitely some Spanish influence here, by way of Antonio Machado.  Perhaps there’s also some labor/alienation sentiment for the working man on the factory floor, but hey, it’s Detroit and it’s a well-crafted poem.

Just because I love to highlight the generally Left-Of-Center political philosophy over at PBS and NPR, there’s a link to this PBS piece about life on the factory floor and Levine’s poem.  Here’s a Paris Review interview with Levine.

Also On This Site: From Buzzfeed: ‘Why I Bought A House in Detroit For $500:’

How did Detroit get here? Very comprehensive and easy to navigate.

More from Megan McArdle on the behavior that comes with pension bonuses.Charlie LeDuff, Detroit’s populist, citizen journalist’s youtube channel here.  At least he’s sticking around.

Are you looking at beautiful photos and feeling sorry for Detroit, and yourself?  See Time Magazine’s photo essay by Yves Marchand and Romain Meffre (less porn-like, more thoughtful).

Hipster hope, artists, collectivists and small business types can’t save it either:  A Short Culture Wars Essay-Two Links On Detroit & ‘Ruin Porn’

GM is not a municipality, but good money got put in, probably after bad and it reeks of politics: From The Detroit News: ‘How The Treasury, GM Stock Deal Got Done’

Art & War-Detroit & Homs: Two Links

From The Detroit Free Press:

Notice the argument is still over how to divvy up the remains:

‘But others, including David Skeel, author of “Debt’s Dominion: A History of Bankruptcy Law in America,” argue that Orr’s plan so clearly favors pensioners over other groups of creditors that it qualifies as unfair discrimination. “Giving pension beneficiaries nearly 100% of what they are owed, and bondholders less than 20%, is obvious discrimination,” Skeel wrote in this week’s edition of the Weekly Standard magazine’

A great nation deserves great art, and great unions, and public pension pay-outs, and more money and top-down solutions for schools, and more fairness and equality, and new New Deal programs, and more discussions about race, and a higher military budget, and more farm subsidies, and immigration reform, and more Clintons and Bushes and…

Your interest here:  _____________

Poor Detroit:

————————

It looks like that Syrian Civil War is tipping back in Assad’s favor at the moment.  It’s a good thing we allowed Assad to buy himself some time, emboldened Putin, and sat back while  Islamists from all over the Muslim World and even from the West have filled-in.

From The Washington Post:

‘Syrian rebels began to evacuate their last footholds in the central city of Homs on Wednesday, departing under a deal loaded with poignancy for the opposition.

Hundreds of rebels boarded buses for the countryside north of the city after being allowed safe exit in a deal confirmed by both sides. Each fighter was allowed to carry one weapon and a bag of belongings.’

***A pretty damned good overview of Syria for the non-initiated, including what’s been going on since 2011 and the backstory at the thehowardbealeshow. Recommended. Really.

Related On This SiteMore Syria-From Via Media: ‘Congress on Syria: Going In On A Wing and A Prayer’From Slate: ‘In Aleppo, Syria, Mohamed Atta Thought He Could Build The Ideal Islamic City’

From the Daily, ‘cheap’ paper: How did Detroit get here?

Very comprehensive and easy to navigate.

More from Megan McArdle on the behavior that comes with pension bonuses.Charlie LeDuff, Detroit’s populist, citizen journalist’s youtube channel here.  At least he’s sticking around.

Are you looking at beautiful photos and feeling sorry for Detroit, and yourself?  See Time Magazine’s photo essay by Yves Marchand and Romain Meffre (less porn-like, more thoughtful).

Hipster hope, artists, collectivists and small business types can’t save it either:  A Short Culture Wars Essay-Two Links On Detroit & ‘Ruin Porn’

GM is not a municipality, but good money got put in, probably after bad and it reeks of politics: From The Detroit News: ‘How The Treasury, GM Stock Deal Got Done’

 

From Art In America: ‘Christie’s Final Assessment of Detroit Artworks: Up To $867 Million’

Full post here.

‘The artworks are being appraised as part of the city’s bankruptcy proceedings. Some of the city’s creditors have pushed for selling the artworks. Orr has stated that all options for paying down the city’s $18 billion shortfall must be on the table.’

How did Detroit get here?

Very comprehensive and easy to navigate.

More from Megan McArdle on the behavior that comes with pension bonuses.

Some links on this site: Charlie LeDuff, Detroit’s populist, citizen journalist’s youtube channel here.  At least he’s sticking around.

Are you looking at beautiful photos and feeling sorry for Detroit, and yourself?  See Time Magazine’s photo essay by Yves Marchand and Romain Meffre (less porn-like, more thoughtful).

Hipster hope, artists, collectivists and small business types can’t save it either:  A Short Culture Wars Essay-Two Links On Detroit & ‘Ruin Porn’

GM is not a municipality, but good money got put in, probably after bad and it reeks of politics: From The Detroit News: ‘How The Treasury, GM Stock Deal Got Done’

What about the popular arts and culture?:Update And Repost-From Grist.Org Via The New Republic Via The A & L Daily: ‘Getting Past “Ruin Porn” In Detroit’…A Few Thoughts And A Tuesday Poem By Philip Levine

A garage sale for the city’s art? Virginia Postrel At Bloomberg: ‘Detroit’s Van Gogh Would Be Better Off in L.A.’From The Detroit Free Press: ‘DIA’s Art Collection Could Face Sell-Off To Satisfy Detroit’s Creditors’

Walter Russell Mead takes a look at the blue model (the old progressive model) from the ground up in NYC to argue that it’s simply not working.  Check out his series at The American Interest

From Bloomberg: ‘Detroit Recovery Plan Threatens Muni-Market Underpinnings’

From The Detroit Free Press: ‘Detroit Bankruptcy Creditors Ask Judge To Take Steps Toward Sale Of DIA Treasures’

Full piece here.

In case you missed it:

‘The DIA has pledged to protect its collection vigorously in court. Michigan’s attorney general has issued a formal opinion stating that a forced sale of art would be illegal because the museum holds the works in the public trust, but legal experts say the ruling may not hold up in court’

How did Detroit get here?

Very comprehensive and easy to navigate.

More from Megan McArdle on the behavior that comes with pension bonuses:  Not worth saving.

Some links on this site: Charlie LeDuff, Detroit’s populist, citizen journalist’s youtube channel here.  At least he’s sticking around.

Are you looking at beautiful photos and feeling sorry for Detroit, and yourself?  See Time Magazine’s photo essay by Yves Marchand and Romain Meffre (less porn-like, more thoughtful).

Hipster hope, artists, collectivists and small business types can’t save it either:  A Short Culture Wars Essay-Two Links On Detroit & ‘Ruin Porn’

GM is not a municipality, but good money got put in, probably after bad and it reeks of politics: From The Detroit News: ‘How The Treasury, GM Stock Deal Got Done’

What about the popular arts and culture?:Update And Repost-From Grist.Org Via The New Republic Via The A & L Daily: ‘Getting Past “Ruin Porn” In Detroit’…A Few Thoughts And A Tuesday Poem By Philip Levine

A garage sale for the city’s art? Virginia Postrel At Bloomberg: ‘Detroit’s Van Gogh Would Be Better Off in L.A.’From The Detroit Free Press: ‘DIA’s Art Collection Could Face Sell-Off To Satisfy Detroit’s Creditors’

Walter Russell Mead takes a look at the blue model (the old progressive model) from the ground up in NYC to argue that it’s simply not working.  Check out his series at The American Interest

From Bloomberg: ‘Detroit Recovery Plan Threatens Muni-Market Underpinnings’

From The Detroit Free Press: ‘White House To Announce $300M In Aid Friday To Make Detroit Safer, Erase Blight’

Full piece here.

‘Nearly $300 million in aid for Detroit — from federal and state coffers, private businesses and charitable foundations — will be announced Friday as Obama administration officials visit the city to discuss what can be done to help eradicate blight, improve transportation, encourage new business and make residents safer.’

Life support?:

‘Sperling wasn’t immediately able to break down just how much of the $300 million represents new funding and how much had already been awarded to Detroit but, for whatever reason, hadn’t reached the city before. But he said much of it represented an effort by adminisitration officials to scour their departments for funding that Detroit could access’

How did Detroit get here?

Very comprehensive and easy to navigate.

More from Megan McArdle on the behavior that comes with pension bonuses:  Not worth saving.

Some links on this site: Charlie LeDuff, Detroit’s populist, citizen journalist’s youtube channel here.  At least he’s sticking around.

Are you looking at beautiful photos and feeling sorry for Detroit, and yourself?  See Time Magazine’s photo essay by Yves Marchand and Romain Meffre (less porn-like, more thoughtful).

Hipster hope, artists, collectivists and small business types can’t save it either:  A Short Culture Wars Essay-Two Links On Detroit & ‘Ruin Porn’

GM is not a municipality, but good money got put in, probably after bad and it reeks of politics: From The Detroit News: ‘How The Treasury, GM Stock Deal Got Done’

What about the popular arts and culture?:Update And Repost-From Grist.Org Via The New Republic Via The A & L Daily: ‘Getting Past “Ruin Porn” In Detroit’…A Few Thoughts And A Tuesday Poem By Philip Levine

A garage sale for the city’s art? Virginia Postrel At Bloomberg: ‘Detroit’s Van Gogh Would Be Better Off in L.A.’From The Detroit Free Press: ‘DIA’s Art Collection Could Face Sell-Off To Satisfy Detroit’s Creditors’

Walter Russell Mead takes a look at the blue model (the old progressive model) from the ground up in NYC to argue that it’s simply not working.  Check out his series at The American Interest

From Bloomberg: ‘Detroit Recovery Plan Threatens Muni-Market Underpinnings’

From The Detroit Free Press By Way Of Via Media: ‘How Detroit Went Broke’

Full piece here.

Very comprehensive and easy to navigate.

‘Other cities also have profound problems today — Chicago, Providence, R.I., Baltimore. But only Detroit is in bankruptcy court.’

A sad tale that didn’t have to end up here:

Even by the late 1950s, the signs of strain were showing in industrial cities. Population and housing values peaked in Detroit in the 1950s and began their long and seemingly unstoppable decline. The urban riots of the 1960s, including Detroit’s, accelerated the process.

By the 1960s, in Detroit as in city after city, the process was well under way. And mayors and civic leaders, here and elsewhere, began their long, anguished battle against decline.

The more people that left, the more the city leaders raised taxes and drove more people out until it became a wasteland of decay, increasing mismanagement and corruption.

America:  Tackle your pension problems and municipal debt issues now to help avoid this cruel fate.  The pie needs to be growing.

See this piece from Urbanophile:

‘The last thing Detroit teaches us is that America too often doesn’t learn from its mistakes.  Detroit’s troubles have been evident for quite some time, yet it’s hard to see that many other post industrial cities have managed to carve out a different path.  Rather, they pretended that Detroit’s fall was somehow unique due to its auto industry dependence – and managed to ignore other failed cities as well – while embarking on the same turnaround strategy via conventional wisdom and silver bullets.

Another quote, this time from Ira Stoll:

‘Indeed, if there is a single fact that sums up the state of American political economy at the present moment, it is this: the Boston office building once home to Inc. Magazine and Fast Company, which chronicled and celebrated small and fast-growing businesses, is now the headquarters of a publication called “Compliance Week.”’

Will the tech sector fill the hole?  Fracking, low-taxes and new investment in industry?  An information and knowledge-based economy?

How close are we to drifting into a higher-tax, heavily-regulated, less dynamic, federally managed State of affairs?

Nationalized and potentially socialized health-care?

Take him to Detroit:

———————–

Some links on this site: Charlie LeDuff, Detroit’s populist, citizen journalist’s youtube channel here.  At least he’s sticking around.

Are you looking at beautiful photos and feeling sorry for Detroit, and yourself?  See Time Magazine’s photo essay by Yves Marchand and Romain Meffre (less porn-like, more thoughtful).

Hipster hope, artists, collectivists and small business types can’t save it either:  A Short Culture Wars Essay-Two Links On Detroit & ‘Ruin Porn’

GM is not a municipality, but good money got put in, probably after bad and it reeks of politics: From The Detroit News: ‘How The Treasury, GM Stock Deal Got Done’

What about the popular arts and culture?:Update And Repost-From Grist.Org Via The New Republic Via The A & L Daily: ‘Getting Past “Ruin Porn” In Detroit’…A Few Thoughts And A Tuesday Poem By Philip Levine

A garage sale for the city’s art? Virginia Postrel At Bloomberg: ‘Detroit’s Van Gogh Would Be Better Off in L.A.’From The Detroit Free Press: ‘DIA’s Art Collection Could Face Sell-Off To Satisfy Detroit’s Creditors’

Walter Russell Mead takes a look at the blue model (the old progressive model) from the ground up in NYC to argue that it’s simply not working.  Check out his series at The American Interest

From Bloomberg: ‘Detroit Recovery Plan Threatens Muni-Market Underpinnings’

From Urbanophile: ‘What Detroit’s Bankruptcy Teaches America’

Full post here.

Interesting read:

‘The last thing Detroit teaches us is that America too often doesn’t learn from its mistakes.  Detroit’s troubles have been evident for quite some time, yet it’s hard to see that many other post industrial cities have managed to carve out a different path.  Rather, they pretended that Detroit’s fall was somehow unique due to its auto industry dependence – and managed to ignore other failed cities as well – while embarking on the same turnaround strategy via conventional wisdom and silver bullets.’

The broader principle is that we’ll likely need some kind of renewal in ourselves, in technology, and perhaps in industry again if we want genuine growth and optimism.  The pie needs to be growing.

You don’t need a new $450 million hockey stadium when you can’t provide basic services.

Alas, Detroit:

Related On This SiteRepost: ‘A Short Culture Wars Essay-Two Links On Detroit & ‘Ruin Porn’ 

What about the popular arts and culture?:Update And Repost-From Grist.Org Via The New Republic Via The A & L Daily: ‘Getting Past “Ruin Porn” In Detroit’…A Few Thoughts And A Tuesday Poem By Philip Levine

GM is not a municipality, but good money got put in, probably after bad and it reeks of politics: From The Detroit News: ‘How The Treasury, GM Stock Deal Got Done’

From PolicyMic: ‘This is What Budget Cuts Have Done to Detroit … And It’s Freaking Awesome’

Full piece here.

More on the failures of Detroit, and the impending bankruptcy of other municipalities across the country.

That title is a nod to Kevin Williamson, at the National Review, and his new book:  ‘The End Is Near, And It’s Going to Be Awesome: How Going Broke Will Leave American Richer, Happier, and More Secure.’

The old Nozickian “night-watchman” State argument resurfaces, or so minimal a State that even law courts and law enforcement are handled privately:

‘The heroic Brown and TMC are a great example of how the market and civil society can and do provide services traditionally associated with the state far better, cheaper and more in tune to people’s wants and needs. I have always believed policing, protection and security are far too important to be run by the state — especially in age of militarized Stormtroopers — and Brown is helping show why.’

A kind of land-based seasteading experiment?  Libertarian utopia, or a voluntarily-chosen, bottom-up type of cooperation in the wake of Detroit’s failure?  A mini-New Hampshire?

As an economist, David Friedman has explored the idea of what transferring functions of the State to private agencies might look like.  In the video he presents an outline of his thinking about what would happen if the legislature, the courts, and the police (drafting, legislating, passing and enforcing laws) would all be handled by private agencies instead of government.  You would become a customer of a private enforcement agency amongst other agencies competing for your patronage in areas now covered by the criminal and civil law.  There would be no more State, or perhaps just minimal State overseeing the National Defense.

——————————————

Often times, this is too anarchic for most people.  I’m not sure I’m on board, but there are some deep arguments made.

One typical liberal argument runs that, contra Hayek, not all State involvement is coercive, but has the consent of the governed.  Libertarian principles aren’t first principles, and can be so contested (or why don’t you libertarians see that it’s not all coercion vs. liberty, and individuals vs. the State?).  There are other traditions.

Some libertarians and Enlightenment-reason libertarians see themselves in a bitter fight with progressives, who from the libertarian perspective, commit the fatal sin of basing Enlightenment reason in virtue and are wittingly or unwittingly rounding up individuals into collectivist municipal Ponzi schemes and unsustainable deficit spending with the force of the law and power of the State behind them.  Even if it is creative destruction that led to Detroit’s decline, it didn’t have to be this bad.  Eventually you run out of other people’s money and you force people to vote with their feet, the last option available.

I’m assuming that not all liberals are progressives, nor are they Marxists, Socialists (ends with a gun and a wall to keep you in), or Communists (starts with a gun and a wall to keep you in, like the Soviets).  Many liberals I’ve known are more consent rather than coercion types of people.  ‘Be free,’ they might say, but maintain your duties and live as morally and honestly as possible.  Responsible liberals argue ‘I,’ not ‘we,’ have a moral duty to help others.  Not all moral thinking is religious.  In this line of thought, broadened definitions of the public good are in all of our own moral and rational self-interest, and so thus are broadened roles for our institutions and increasing the size and scope of our government.

It’d be a little more convincing if liberal policy-makers could address the failures of places like Detroit with regard to how policies are going to work in practice, and how incentives work regarding human nature and our institutions.  Clearly, this is part of the problem in Detroit.

*Thanks also to Kevin Williamson’s ‘Politically Incorrect Guide To Socialism

Any thoughts and comments are welcome.

Related On This Site:  Repost-Youtube Via Libertarianism.Org-David Friedman: ‘The Machinery Of Freedom’

Nussbaum argues that religion shouldn’t be a source for the moral laws From The Reason Archives: ‘Discussing Disgust’ Julian Sanchez Interviews Martha Nussbaum…Rule-following punishers Repost-From Public Reason: A Discussion Of Gerald Gaus’s Book ‘The Order of Public Reason: A Theory of Freedom And Morality In A Diverse And Bounded World’

Value-pluralism?:..A Few Thoughts On Isaiah Berlin’s “Two Concepts Of Liberty” …

People on the modern American right take issue with Rawls, but have they addressed his depth?:  From The American Conservative: Going Off The Rawls–David Gordon On John Rawls…Utilitarianism leads to problems.  Will the Rawlsian center-left hold up?:

Richard Rorty tried to tie postmodernism and leftist solidarity to liberalism, but wasn’t exactly classically liberal:  Repost: Another Take On J.S. Mill From “Liberal England”

Peter Singer discusses Hegel and Marx

Walter Russell Mead seems to be envisioning a reinvigorated liberalism 5.0, arguing that 60′s progressivism and 40-50′s conservatism (American politics more generally) are behind the times.   There’s been a fundamental shift that we must adjust to, and it involves technology and globalization for starters.

Robert Nozick merged elements of Kant and Locke in a strong, libertarian defense of the individual A Few Thoughts On Robert Nozick’s “Anarchy, State and Utopia”From Slate: ‘The Liberty Scam-Why Even Robert Nozick, The Philosophical Father Of Libertarianism, Gave Up On The Movement He Inspired.’

Anarcho-capitalism:  Pro-market, anti-state, anti-war…paleo-libertarian: Link To Lew Rockwell Via A Reader…Anarcho-syndicalist, libertarian socialist and sometime blind supporter of lefty causes:  Via Youtube: (1 of 3) Kant, Chomsky and the Problem of KnowledgeTwo Sunday Quotations By Albert Jay Nock in ‘Anarchist’s Progress’

Catholic libertarianism: Youtube Via Reason TV-Judge Napolitano ‘Why Taxation is Theft, Abortion is Murder, & Government is Dangerous’

Link To An Ayn Rand Paper: The Objectivist Attack On Kant

From Reason’s Hit And Run: What Kind Of Libertarian Are You?

From The Detroit Free Press: ‘Detroit Files For Chapter 9 Bankruptcy Amid Staggering Debts’

Full piece here.

Well, it’s official, as Detroit cannot avoid bankruptcy any longer:

‘The filing begins a 30- to 90-day period that will determine whether the city is eligible for Chapter 9 protection and define how many claimants might compete for the limited settlement resources that Detroit has to offer. The bankruptcy petition would seek protection from creditors and unions who are renegotiating $18.5 billion in debt and other liabilities.’

As written before: The industry went away, but also, the Model Cities program as part of LBJ’s ‘Great Society‘ helped incentivize the city so that its politics became a system of patronage and its treasury like a cookie jar. It was a slow, increasingly corrupt decline, with many of the people who could leave having left (serious white-flight, some black-flight). The ones who did stay continued to argue over a shrinking pie as the tax revenue dwindled and the lights eventually shut off.

Detroit has been extrodinarily poorly managed…more to come, no doubt.

Addition: Over four years ago, when GM stock was selling at $2 a share and the debt-holders had been wiped out, this blog put up the video below.  Here’s a brief 2:00 min explanation by Bill Ackman of Pershing Square on why the GM bailout was likely a bad idea:

————-

Exactly the kind of civil service, bureaucracy, and vast redistributive apparatus that helped lead to Detroit’s decline is likely being implemented with Obamacare right now.  Eventually you run out of other people’s money, and many of promises made to push the bill through hid costs.

Addition: Michael Barone reviews Charlie LeDuff’s book, and discusses how growing up in Detroit in the 60’s turned him into a conservative (Barone).

Some links on this site: Charlie LeDuff, Detroit’s populist, citizen journalist’s youtube channel here.  At least he’s sticking around.

Hipster hope, artists, collectivists and small business types can’t save it either:  A Short Culture Wars Essay-Two Links On Detroit & ‘Ruin Porn’

GM is not a municipality, but good money got put in, probably after bad and it reeks of politics: From The Detroit News: ‘How The Treasury, GM Stock Deal Got Done’

What about the popular arts and culture?:Update And Repost-From Grist.Org Via The New Republic Via The A & L Daily: ‘Getting Past “Ruin Porn” In Detroit’…A Few Thoughts And A Tuesday Poem By Philip Levine

A garage sale for the city’s art? Virginia Postrel At Bloomberg: ‘Detroit’s Van Gogh Would Be Better Off in L.A.’From The Detroit Free Press: ‘DIA’s Art Collection Could Face Sell-Off To Satisfy Detroit’s Creditors’

Walter Russell Mead takes a look at the blue model (the old progressive model) from the ground up in NYC to argue that it’s simply not working.  Check out his series at The American Interest

From Bloomberg: ‘Detroit Recovery Plan Threatens Muni-Market Underpinnings’

From Via Media: ‘Detroit’s Failure and the Blue Model’s Shame’

Full post here.

It seems no one really wants to look at Detroit anymore, a once-great industrial power become something like a failed-state:

‘Detroit’s residents can no longer count even on the most elementary social services: people have started to plan for a life in which the paramedics and police just stop showing up.’

The industry went away, but also, the Model Cities program as part of LBJ’s ‘Great Society‘ helped incentivize the city so that its politics became a system of patronage and its treasury like a cookie jar.  It was a slow, increasingly corrupt decline, with many of the people who could leave having left (serious white-flight, some black-flight). The ones who did stay continued to argue over a shrinking pie as the tax revenue dwindled and the lights eventually shut off.

There were jokes made about it for years:

———————–

Mead suggests this is emblematic of the failure of the ‘blue model’.

The frustration and bitterness that fills American politics these days reflects the failure of our current social, political and economic institutions and practices to deliver the results that Americans want and expect.’

The ground has shifted beneath our feet, and I suspect if you support economic growth, income-inequality to be met with a growing pie, then you’ve got your work cut out for you.  There are deeper problems than the culture wars, but politics often follows culture, and a lot of people in our culture are not exactly embracing free-market solutions.

Are you optimistic?  Pessimistic?

Are you looking at beautiful photos and feeling sorry for Detroit, and yourself?  See Time Magazine’s photo essay by Yves Marchand and Romain Meffre (less porn-like, more thoughtful).

Some links on this site: Charlie LeDuff, Detroit’s populist, citizen journalist’s youtube channel here.  At least he’s sticking around.

Hipster hope, artists, collectivists and small business types can’t save it either:  A Short Culture Wars Essay-Two Links On Detroit & ‘Ruin Porn’

GM is not a municipality, but good money got put in, probably after bad and it reeks of politics: From The Detroit News: ‘How The Treasury, GM Stock Deal Got Done’

What about the popular arts and culture?:Update And Repost-From Grist.Org Via The New Republic Via The A & L Daily: ‘Getting Past “Ruin Porn” In Detroit’…A Few Thoughts And A Tuesday Poem By Philip Levine

A garage sale for the city’s art? Virginia Postrel At Bloomberg: ‘Detroit’s Van Gogh Would Be Better Off in L.A.’From The Detroit Free Press: ‘DIA’s Art Collection Could Face Sell-Off To Satisfy Detroit’s Creditors’

Walter Russell Mead takes a look at the blue model (the old progressive model) from the ground up in NYC to argue that it’s simply not working.  Check out his series at The American Interest

From Bloomberg: ‘Detroit Recovery Plan Threatens Muni-Market Underpinnings’