Watching my home decay is heartbreaking
The Road that Leads from Serfdom to Detroit*
By Carl Gibson
Detroit’s bankruptcy hearings have resumed leaving creditors wanting the city to give up its last remaining public wealth to bankers and private-sector profiteers. Wall Street financiers shaped the Detroit calamity and now plan to benefit from the crisis.
Detroit’s bankruptcy hearings officially resumed on September 2, and creditors are making their arguments for why the destitute city should give up its last remaining public wealth to bankers and private-sector profiteers. The establishment media would have you believe that Detroit’s financial crisis is a result of “running out of other people’s money.” But if you want to truly understand the story of Detroit’s rise and fall, the book “Getting Ghost” by University of Michigan adjunct professor Luke Bergmann is a must-read.
The author follows two teenage boys, Dude Freeman and Rodney Phelps, around Detroit’s underground drug-dealing economy, and expertly shows…
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