This is an interesting piece of research published in the Social Europe Journal. It’s a STRONGLY RECOMMENDED READ, in my view.
It’s interesting to compare the Chicago Vs. Detroit analogy to many Northern cities in the UK and to speculate why so many UK cities are probably closer to Detroit than Chicago; I sense that ineffective and narrow-minded Local Authorities, with their changing political masters is probably a pivotal factor.
Let me turn this to an open question:
Why are so many Northern cities in the UK closer to the bankruptcy example of Detroit, rather than the renaissance example of Chicago?
- Chicago Penalty Up 25% as Rating Cut Evokes Detroit: Muni Credit – Bloomberg (bloomberg.com)
- Why The European Commission Is Wrong: The Case Of Spain – Social Europe Journal (dralfoldman.com)