Shikha Dalmia on Detroit's Crony Capitalism Problem


Credit: Mdrewe / / CC BY-ND

Anyone 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.