Financial CrisisBy Selwyn Duke

Many of us have seen the striking video footage.
Dilapidated homes and buildings, whole neighborhoods abandoned, large
areas being reclaimed by nature and people growing vegetables where
businesses once stood. It looks a bit like a post-apocalyptic world.

Some would say it’s the apocalypse of government policy.

Detroit, Michigan’s recent declaration of
bankruptcy serves as a warning about the bankruptcy of bullying, bloated
bureaucracy. So says businessman Don Wilkie, who tells us that “in
1950, there were about 296,000 manufacturing jobs in Detroit. Today,
there are less than 27,000.” And in an article entitled “How Detroit Almost Killed My Business,” he presents his explanation for why.

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