It was over for Detroit in 1965. Long before the current wave of Wall Street thieves and Neocons...but you are right, Chicago does have Wall Street breathing down its neck. First warning sign was when they used JP MOrgan as a go between to sell every municipal parking space in the city to Abu Dhabi.
Not really, the wheels were put in motion by local forces - the racist families of Gross Pointe didn't need any outside help to financially rape that city and cast it into the flames while they putt away at the country clubs.
It was almost entirely race. The factories recruited black people from the South to work during WW II. Then, postwar, white flight of car factories to the suburbs, underfunded public transit and housing convents that left black people stuck in the inner city. Jobs gone. No social mobility. Declining tax base.
It's only rained one day in San Francisco this season.
It was over for Detroit in 1965. Long before the current wave of Wall Street thieves and Neocons...but you are right, Chicago does have Wall Street breathing down its neck. First warning sign was when they used JP MOrgan as a go between to sell every municipal parking space in the city to Abu Dhabi.
Not really, the wheels were put in motion by local forces - the racist families of Gross Pointe didn't need any outside help to financially rape that city and cast it into the flames while they putt away at the country clubs.
It was all over by 1965.
It was almost entirely race. The factories recruited black people from the South to work during WW II. Then, postwar, white flight of car factories to the suburbs, underfunded public transit and housing convents that left black people stuck in the inner city. Jobs gone. No social mobility. Declining tax base.