In 1960, the richest per capita city in America, according to the U.S. Census Bureau, was Detroit.
Today Detroit has filed for bankruptcy, the largest American city to do so. This tragedy is a stark reminder of the unintended consequences of federal legislation that resulted in white flight and caused Detroit's current problems.
Before we examine what truly caused the decimation of one the world’s richest cities, let us review just how rapidly the conditions in Detroit have declined.
Sixty percent (60%) of all of Detroit’s children are living in poverty. Fifty percent of the population has been reported to be functionally illiterate. Thirty-three percent (33%) of Detroit’s 140 square miles is vacant or derelict. Eighteen percent (18%) of the population is unemployed. And 10.6% of Detroit’s 713,777 residents, according to the 2010 U.S. Census, considered themselves white
http://www.policymic.com/articles/4...-s-decline-look-at-40-years-of-federal-policy