Detroit is like a failed state. A place where capitalism has failed for half a century and where even local democracy collapsed after the city’s government was handed over to a federal manager. Much has been written about the city’s epic slow-motion decline and its sudden rise from the ashes. On the Priced Out Podcast we talk about how Detroit’s turn around has been funded and control by only four players, two billionaires families (the Illitch family and Dan Gilbert), one private entity (Mid Town Inc.), and one quasi-governmental body (the Detroit Land Bank). Between them, the city has been carved up into separate kingdoms governed by powers way beyond public accountability. But they are getting things done. New investment and jobs have poured into quarters like downtown and Midtown and are reshaping, restoring and rebuilding them. But the rebuilding is not happening everywhere and at what cost to the belief in power by and for the people? https://www.pricedoutmovie.com/
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