[DOWNLOAD] "Why Long Beach Isn't Detroit: How Southern California Survived the Collapse of Aircraft Manufacturing Without a Bailout (From the Top)" by Reason " Book PDF Kindle ePub Free
eBook details
- Title: Why Long Beach Isn't Detroit: How Southern California Survived the Collapse of Aircraft Manufacturing Without a Bailout (From the Top)
- Author : Reason
- Release Date : January 01, 2009
- Genre: Reference,Books,Religion & Spirituality,
- Pages : * pages
- Size : 59 KB
Description
IT COMES UP IN every argument about Washington bailing out Detroit: Don't you heartless market fundamentalists realize what would happen to the Rust Belt if we subjected the Big Three to "uncontrolled bankruptcy"? "Had General Motors and Chrysler been allowed to go into bankruptcy last fall," the lefty economist Dean Baker wrote in a debate with me at the Los Angeles Times website in April, "it would have quickly led to a chain of bankruptcies by a whole set of parts suppliers.... This would have meant almost a complete shutdown of the auto industry in the states of Michigan, Indiana and Ohio." Aside from the popular yet false notion that "bankruptcy" is synonymous with "liquidation" (tell that to the former employees of bankrupt WorldCom who now work for WorldCom's new owner Verizon, or indeed to the employees of the currently bankrupt Los Angeles Times), this line of discourse is interesting for the implied real-world critique. As in, you wouldn't possibly think that way if you realized what effects these abstract ideas would have on living, breathing communities.