Tuesday, Nov 25, 2008
From 28th Oct - but worth a read....
The Spectator: America on the road to perdition
James Doran drives from Wall Street to Detroit to discover how the American Dream turned into a nightmare
Posted by whostolemyendowment @ 05:10 PM (407 views) Add Comment
5 Comments
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1. goweresque said...
The world portrayed in this article reminds me of the one written about in Atlas Shrugged, by Ayn Rand. Everyday I hear stuff on the TV or radio, or in the newspapers, that strikes a similar chord. I feel we are about to witness for real what she wrote as fiction over 50 years ago.
2. last_days_of_disco said...
South Africa is already there if you want to know how the story ends see: http://deathofjohannesburg.blogspot.com/
Don't click on the farm murders link if you are in any way squeemish, you have been warned.
3. Mr Minsky said...
Starting to feel like Grapes of Wrath
4. fjcruiser said...
It is the Grapes of Wrath all over again. Mind you some places in the US never seem to have experienced the economic boom everyone talked about for a decade.
5. drewster said...
last_days,
Thanks for the link about Jo'burg, fascinating stuff! The derelict properties are interesting, especially the Carlton hotel. I assume the property owners / landlords are just holding on to those sites, waiting for the economy to recover so that they can make some money. Land Value Tax would help shake up ownership, taking the abandoned buildings away from absentee slumlords and giving the land back to local entrepreneurs. We really must spread the word on LVT.