Detroit is an excellent example of the failure of the state. This of course includes socialism, corporatism, no respect for the individual, their property rights, freedom and liberty both personal and economic, etc. I haven’t seen much by way of a detailed analysis into the failure that is Detroit. I have found bits and pieces on Mises (.org). Is there a detailed study, or studies by any Austrian economists I might have missed?
Also, Harry Veryser, author of It Didn’t Have to Be This Way: Why Boom and Bust Is Unnecessary — And How the Austrian School of Economics Breaks the Cycle, is from Detroit. Or, as he put it at this year’s Austrian Economics Research Conference: “I’m from Detroit, or where Detroit used to be.”
Harry teaches at the University of Detroit, Mercy.