Yesterday Detroit announced it would be defaulting on billions of debt - just the latest chapter of what is happening in that city, in that state, in the entire old Steel Belt. In the 1960s, Detriot was the center of US innovation and the economic engine of the country - we all know what it is nowadays.
Why is this not "radical social engineering?" The US unemployment rate is currently at a level that has not been seen since five months in 1992, and before that not since 1984. Why is that not radical social engineering? The amount of hypocrisy and double standards in the US media is mindblowing...