“Detroit’s sixty year decline, culminating in its recent bankruptcy, has many causes. But one that should not be ignored is the city’s extensive use of eminent domain to transfer property to politically influential private interests. For many years, Detroit aggressively used eminent domain to promote ‘economic development’ and ‘urban renewal.’ The most notorious example was the 1981 Poletown case, in which some 4000 people lost their homes, and numerous businesses were forced to move in order to make way for a General Motors factory. The Poletown takings ended up destroying far more development than they ever created.”
http://www.volokh.com/2013/07/22/eminent-domain-and-the-decline-of-detroit/
Related posts:
Piers Morgan: Now I see U.S. government tyranny
UBS requires 'US persons' in Switzerland to renounce Swiss data protection law
TSA Overlooks 95% of Weapons In Security Checkpoint Tests
The Dwindling Value of a College Education
The biggest factor in the platinum and palladium markets
Bitcoins Now Accepted for Plastic Surgery in Miami
Swiss Lawmakers Propose Treating Bitcoin as Foreign Currency
Bitcoin Comes Under Full Scale Attack by Regulators
Do You Like Guns? Sitting? Introducing the CouchBunker
Xi Jinping says China’s authoritarian system can be a model for the world
One nation under drugs, with slavery and sickness for all
The odd reality of life under China's all-seeing credit score system
Calling All Of Freedom's Friends to NY State
Govt wants all cars to track driver behavior, seatbelt usage and more
Report details lives ruined for children put on sex-offender registries