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Paul Krugman: Detroit, the New Greece

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By all means letà ‚¬ „ s have a serious discussion about how cities can best manage the transition when their traditional sources of competitive advantage go away. And letà ‚¬ „ s also have a serious discussion about our obligations, as a nation, to those of our fellow citizens who have the bad luck of finding themselves living and working in the wrong place at the wrong time à ‚¬" because, as I said, decline happens, and some regional economies will end up shrinking, perhaps drastically, no matter what we do.

The important thing is not to let the discussion get hijacked, Greek-style. There are influential people out there who would like you to believe that Detroità ‚¬ „ s demise is fundamentally a tale of fiscal irresponsibility and/or greedy public employees. It isnà ‚¬ „ t. For the most part, ità ‚¬ „ s just one of those things that happens now and then in an ever-changing economy.
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Joan Brunwasser is a co-founder of Citizens for Election Reform (CER) which since 2005 existed for the sole purpose of raising the public awareness of the critical need for election reform. Our goal: to restore fair, accurate, transparent, secure elections where votes are cast in private and counted in public. Because the problems with electronic (computerized) voting systems include a lack of (more...)
 

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