Why Detroit Failed and Pittsburgh Recovered

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Protectionism, Financial Monoculture, and the Actual Classes of the Rust Belt

Government Abstract

In 1950, Detroit and Pittsburgh have been among the many most affluent industrial cities on the earth. Detroit led the world in automotive manufacturing, and Pittsburgh’s metal output was in lots of respects unmatched. Nonetheless, each confronted comparable forces within the Nineteen Seventies: overseas competitors, technological change, and rising labor prices pushed by union lock-in. Each turned to…

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