Detroit's mistake was "over-investing" in automobile manufacturing, even after it became clear that process could easily be out-sourced or off-shored. If hindsight was 20/20, they wouldn't have relied so heavily on that one industry, or built cities and suburbs totally dependent on it. If they had merged their industrial power with Chicago's financial power when it mattered....the "center of the financial universe" might have grown in the heartland, instead of NYC and the east coast.
I have to ask this question: Does anyone disagree with the idea that gaining new information generally leads to change?
It's not always true, but as a general rule.
Here is what I feel is the problem is people become married to their beliefs. They REALLY want to be a CHRISTIAN, and can't stand the thought of turning atheist. or they REALLY want to be a republican so can't stand the thought that a Democrat has one good idea. I really think this is something as humans, as forum posters we really need to work on. GGT for example, I'm being fair here, I really think you don't give our system, our government, our free market economy enough credit for where it's gotten us. Yes, there are errors but there is also a lot of things we WANT to keep, to conserve. We are one of the youngest AND richest countries in the world. A great deal of this is true because of Capitalism. On the other side of things, to people like Lewk, and many of us on here, society needs to work for the people as a whole, not the individuals. Our goal is not to have a few rich and powerful people, and the rest work 40 hours a week living a mundane life. We have to find this balance, not doing so will lead to social problems.
Ultimately you'll vote either for a democrat or a republican, but you should not consider yourself either one of them, there is no way their beleif system really matches up with exactly what you think on the matter, in fact no two people should think the exact same way on anything. What's important is developing yourself and rigorously challenging yourself to be the best human you can be.
Really? Detroit declined due to liberal policies and unions. The decline kept accelerating due to more and more idiotic policies made all the sane people who could travel gtfo.Originally Posted by GGT
Detroit's mistake was "over-investing" in automobile manufacturing, even after it became clear that process could easily be out-sourced or off-shored. If hindsight was 20/20, they wouldn't have relied so heavily on that one industry, or built cities and suburbs totally dependent on it. If they had merged their industrial power with Chicago's financial power when it mattered....the "center of the financial universe" might have grown in the heartland, instead of NYC and the east coast.
And I'm comparing Detroit's auto industry power of previous decades.....to today's power in financial and banking institutions. Contrary to your opinion about "liberal policies and unions" in manufacturing sectors, while blissfully ignoring the powers within monetary policy or banking and financial institutions.
Which came first, the chicken or the egg?
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