Stossel Season 4 Episode 30 What's up with Detroit? 2013
From John Stossel's blog: In 1950, when I was three-years-old, Detroit was the richest city in America. Now it's the biggest U.S. city ever to declare bankruptcy. FOX2 Detroit Reporter, Charlie LeDuff, says excessive spending will land other cities in the same position. Andrew Rodney, "Deforce" Filmmaker, says government central planning displaced neighborhoods taking ownership of their communities. Waste and Abuse: Shikha Dalmia, Reason Foundation senior policy analyst, says crony capitalism and union demands for increased benefits left the city bankrupt. Darcy Olsen, Goldwater Institute President, says Detroit's decline could have been avoided with privatized public services. Sandy Springs, Georgia, did that. Big Spending: Ken Sikkema, Former Michigan Majority leader, says politicians spent too much and expected bailouts to fix their mistakes. A Tour of Detroit's Ruins: About two thirds of its population have left town. The city is a mess. Whole neighborhoods have crumbled.
- Released: 2013-07-25
- Runtime: 60 minutes
- Genre: Documentary, News, Talk
- Stars:
- Director:
