Is the decay of various American cities the result of Keynesian policy creating an overvalued and unsustainable class of consumers that never should have had access to the luxuries they attained to being with?

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Anonymous 04/07/18 (Sat) 20:50:01 No.81373

Is the decay of various American cities the result of Keynesian policy creating an overvalued and unsustainable class of consumers that never should have had access to the luxuries they attained to being with?

Anonymous 04/07/18 (Sat) 21:22:53 No.81374

>>81373

There's more than just one cause to this shitshow. Detroit in particular for instance suffered heavily because it was the pilot city for Johnson's "Great Society" program, which turned into a socialist, centrally-planned shithole.

Anonymous 04/07/18 (Sat) 21:27:40 No.81376

>>81374

Idiots only ever justify Great Society style spending through Keynesian interpretations though.

Anonymous 04/07/18 (Sat) 22:50:41 No.81378

Detroit also got whacked by other countries becoming players in American auto sales, similar to how Rochester, NY's decline accelerated when Kodak shit the bed. It's very common for a city that's reliant on a certain industry to go to shit when the industry in question goes to shit. Expect the same to happen to Silicon Valley if other regions start to set up large tech firms.

That said, the decline of certain American cities is ultimately a result of a multitude of factors, with no single one being the entire reason for said decline.