By Peter J. Hammer and Michael Shank
The Hill’s Forum for Lawmakers and Policy Professionals
The post-industrial dystopia emerging on the streets of Detroit may be shocking, but it is not surprising. The crisis results from the convergent forces of fiscal austerity and structural racism in a region defined by its extreme segregation of race, wealth and opportunity.
The people of Detroit desperately need our help. If one thought it was bad after the financial crisis when big banks foreclosed on 100,000 homes by the year 2012, an unscrupulous act that facilitated the exodus of hundreds of thousands of people and reduced the city’s real estate value by one-third, think again.