Tuesday, January 31, 2012

Here's Some More of that Creative Destruction Mitt Romney Talks So Much About

Here's another story that underscores the fight for survival industrial towns have been in for decades. The city of Pontiac, Michigan has put just about everything in town up for sale, from the cemetery to the town hall to the library building.

The most poignant part of the story for me is when the reporter asked retired auto worker Charles Mason, "What's happened to your city?"

Mason's reply "It's gone...my city's gone."

Incidentally, this is what folks like Mitt Romney refer to as "creative destruction" as a vague dismissal of the human collateral damage from bad economic policy. These huge industrial ghost towns didn't have to happen. The experiment to shift America to a service based economy has been a drawn out failure for most of our country.

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