Acton Institute Powerblog

Jayabalan on Detroit Bankruptcy

Share this article:
Join the Discussion:

In an interview with Vatican Radio, Acton Rome office director Kishore Jayabalan offers perspective on the bankruptcy filing yesterday by the city of Detroit. Jayabalan told the network that Detroit is “really a city that’s on its knees.” Failing to fix its fundamental problems, he continued, the city must now change its “political and economic” infrastructure to come back from the brink, and that right now, much of the population has “given up.”

Listen to the interview by clicking on the media player below:

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

John Couretas John Couretas is Director of Communications, responsible for marketing and advertising, media relations, and print and online communications at the Acton Institute. He has more than 20 years of experience in the news, events and corporate communications fields. He has worked as a staff writer on newspapers and magazines, covering business and government. John holds a Bachelor of Arts degree in the Humanities from Michigan State University and a Master of Science Degree in Journalism from Northwestern University.

Comments

  • RogerMcKinney

    Many US cities over the decades have faced financial problems, even bankruptcy, but recovered and prospered. They prospered by giving up on socialist programs and getting back to basics. Detroit chose to follow the examples of southern European countries by refusing to end socialism. Socialism is heaven while the money lasts; hell when it runs out.