Thursday, April 24, 2014

The Revolt of the Cities

It will be great if these initiative "work".  I doubt they will.

1.  Do gooder ism will become cronyism, a la Detroit and all the rest
2.  Meddling will create problems which will require more meddling until there are so many rules and it is so expensive to do anything good, that it won't be possible.  Employers will leave, again, for the same reasons they left before.  Taxpayers will too.
3.  The drug war rules everything.  Until the perverse incentives of the criminalization of drugs sales are removed or reduced, the inner cities will controlled by the drug trade just as they were by alcohol prohibition.  
4.  The cities will run out of money to do anything at all, a la Detroit and the others.

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