Detroit: failure of the so-called “free market | Working Life


JonathanTasini is convinced that, “The filing for bankruptcy is a sad, but, in a way, predictable event — if one is willing to see what this really means. It’s a deep metaphor for the failure of the so-called “free market”.

“The finality of a legal bankruptcy filing obscures the reality that what has happened to Detroit has happened all across the country — and, in similar ways, across the globe.

We’ve let the so-called “free market” shape the way we think of what it means to have a decent society.

From 1990 to April 2003, he served as president of the National Writers Union (UAW Local 1981)

via Detroit | Working Life.


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