City of Detroit files for Chapter 9 Bankruptcy
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July 18th, 2013 (06:31 PM). Edited July 19th, 2013 by Stormbringer.
Join Date: Jul 2009
Location: Storm's End
Given that our economy has shifted from manufacturing, it was only a matter of time before Detroit and the Rust Belt eventually faded. It's been looming for awhile now.
I've seen/been a part of something similar here with my own hometown, Dayton, Ohio. The affluent white middle/upper-middle class families left for the suburb areas, like mine, or totally relocated south to the Cincinnati area, leaving a decaying city behind rife with disenfranchisement, poverty and crime. It's sad to see, really. Dayton at one point was home to the arts and high culture, but now it's essentially kept afloat by the University of Dayton and some last vestiges of wealth. It's eerily similar to Detroit's situation.
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