The Skyscraper Model of Economic Collapse
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  • Paul C

    In 1977, Detroit built a nice skyscraper, the Renaissance Center, to revitalize the city. The city has lost half its population since the RenCen was opened. In the 1990s, General Motors moved its headquarters to the Renaissance Center. More than half a billion additional dollars were invested in remodeling GM’s headquarters. We know how that turned out. What goes up also comes down, here as well as abroad.

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