Todd Zywicki has posted a new blog at the Volokh Conspiracy discussing a new film and how the bankruptcy of the automakers and Detroit largely arose from the same forces: horribly inept and unaccountable management and insatiable demands by labor interests that drove both the automakers and the city into the ground:
“A couple of weeks ago I attended the premiere of the new movie Bankrupt: How Cronyism and Corruption Brought Down Detroit. It is a terrific movie and traces the dual collapse of the American automotive industry and the city of Detroit. Of particular interest is that the filmmaker, Ben Howe, tells the stories of the downfall of GM and Chrysler on the one hand and Detroit on the other as being intertwined and deriving from the same causes.
I appear several times in the second half of the film discussing the perils of crony capitalism and Detroit’s downfall and the role of bankruptcy in its recovery…”