Shikha Dalmia on Detroit’s Crony Capitalism Problem

Credit: Mdrewe / Foter.com / CC BY-NDCredit: Mdrewe / Foter.com / CC BY-NDAnyone who wants to understand how Detroit got into its current mess should look at the new Red Wings arena that Michigan’s powers-that-be recently decided to foist on it. The arena is being sold as a win-win that’ll position the city for a post bankruptcy comeback. In reality, writes Shikha Dalmia, it is a body slam for Motown and a hat trick for Red Wings owner, billionaire Mike Ilitch.

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