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Politics

>> REPUBLICAN Latest News

JUL 21, 2013 - The Nation

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Rand Paul's Detroit Shock Doctrine

Detroit has now declared bankruptcy. A judge has ruled the act illegal—a decision that may or may not stand. Naturally New York's fiscal crisis forty-eight years ago comes to mind, though in many respects the differences are more important than the similarities: New York was one of the world's financial and cultural capitals, its private economy largely thriving; as such, the the news of her government's bare coffers was shocking, a revelation, something the world at first had a very hard time getting their mind around. While what's happening Detroit, no one's idea ... Read More

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