I mentioned passing by Detroit last month. According to the Toronto Star ( December 13), there are opportunities for young entrepreneurs there as real estate is dirt cheap and that's an upside of the city (?). From a population of 1.5 million in 1970, there remains just 684,799 while the job market has shrunk fifty per cent. 70,000 properties foreclosed between 2009 and 2013 and there are currently 78,000 abandoned structures The 316 homicides in 2013 made Detroit the highest murder rate in the country. Almost 40% live in poverty. The city filed for bankruptcy in 2013 being $18 billion in debt. Even by capitalist standards, the decline of a once great and rich city is astonishing. John Ayers.
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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