Detroit has been governed by progressives for 60 years and has naturally gone badly bankrupt. Now there is a fight over what assets can be sold to pay creditors. The more assets sold, the more cents in the dollar for those owed, but of course the progs are kicking back on sales. You can do that when you’re a corrupt government. Any private bankrupt would have to sell everything and that would be that.
However the sale of the precinct of Belle Isle, a picturesque island park in the Detroit river, might go ahead. Robert Lockwood is a libertarian property developer and he is head of a group that wants to buy the island and turn it into a city state (like Singapore). It will be called “The Commonwealth of Belle Isle”.
Ironic that from the degradation of Detroit at the hands of the state worshipping progs, there might spring the US’s first real libertarian region. I can’t see it happening, but you never know. It will be interesting to see how many people choose to live in the island city state if it does arise. Maybe quite a few if they’ve learned anything at all from the destruction of Detroit.
Categories: American Politics