TED Conversations

AUSTIN BUNDY

This conversation is closed. Start a new conversation
or join one »

Detroit's recent file for bankruptcy: a possible look into the future of what could happen to other cities here in the U.S.

Detroit just recently filed for bankruptcy, if you did not already know. The city was once a economically thriving city. The city's booming auto industry kept that city afloat since its birth. However, the auto industry here in the U.S. has saw drastically declined; we recently saw that with through GM. Labor costs here in the U.S. have pushed companies to international grounds.

Could we possible see other U.S. city's crumble because of off shore labor?
Also, what can we learn from Detroit's file for bankruptcy?

0
Share:

Showing single comment thread. View the full conversation.

  • Aug 1 2013: No one, no place is "too big to fail"; it's nature's way of getting rid of the worst and replacing it with better; util...it goes to their heads and then they fail. It's Nature's way!
    • Aug 7 2013: Like Jaws, Alien(S)...Mono culture Capitalism> competition>cheating> agression>overeating, military spending, deodorant sales, more training, more more more, injuries, disease, doctors fees, cambodia, africa, fsrs, germany, italy (gladio) china, korea, chile, guatemala, El Salvador, costa rica (gladio?), religion, sex, nuclear (exploding) families. Natural, darwin and Jeusa Christ Columbo agree on that, pop too big to fail?

Showing single comment thread. View the full conversation.