Detroit’s bankruptcy capped a decades-long slide for a city that once-symbolized U.S. industrial might and the union-covered manufacturing jobs that propelled the growth of America’s middle-income families.
Holy shit! I always imagined Detroit as a great industrial city as well. I believe it was a home to car and engine companies. Even the creators of Robocop decided to focus the story in Detroit, and that means something.
That reminds me of the works of Tom Peters and
Reengineering the Corporation by Hammer & Champy that I studies in one of my courses. They all talked about the need to reinvent management and work methods in order to survive in the Hi-Tech Global age. When competition increases and a crisis like that hits, you either start thinking differently, or die.