Robert Reich was the Secretary of Labor under President B.J. Clinton, a candidate for Governor of Massachusetts, an executive at Goldman Sachs (which is pretty much a Democrat bribery mill), and currently draws a salary of almost a quarter mil for teaching a single class at UC-Berkeley. He has also figured out why Detroit went bankrupt, and it has nothing to do with fifty years of corrupt Democrat politicians enacting precisely the progressive policies Reich advocates.
Detroit is really a model for how wealthier and whiter Americans escape the costs of public goods they would otherwise share with poorer and darker Americans.
Are Detroit, its public employees, poor residents and bondholders the only ones who should sacrifice when Detroit proper can’t pay its bills? Or does the relevant sphere of responsibility include Detroit’s affluent suburbs — to which many of the city’s wealthier resident fled as the city declined, along with the banks that serve them?
In other words, people who manage their communities efficiently and promote sound economic policies should subsidize the incompetence, corruption, and anti-business policies of people who don’t.