Monthly Archives: August 2012

Detroit ruins: Celebration or predation?

It has become fashionable – or maybe by now old hat – to celebrate the ruins of Detroit, which prospered with the rise of the American automobile industry and went through a shockingly rapid decline as American manufacturing dispersed across the country and then moved off-shore in search of ever cheaper labour. Scores of opulent architectural gems became ruins. Streets, once bustling with affluent auto workers, jazz musicians, and industrialists, were abandoned.

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Where will wealth go in the coming decades?

McKinsey & Company, a global corporate consultant, is worrying that corporations in wealthy nations are going find it hard to compete with companies in emerging countries. McKinsey’s discussion of this issue makes fascinating reading for two reasons: Continue reading