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Comments about ‘In our opinion: Lessons from Detroit’

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Published: Friday, July 26 2013 12:00 a.m. MDT

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marxist
Salt Lake City, UT

The pension and its implementer the pension fund have taken a terrific hit the last 20 years. Many pensioners, particularly in the private sector, have suffered the loss of benefits they were promised. Why? Because our economic system is extremely unstable, and any pension fund must be operated so as to anticipate worst possible scenarios (like 2008). So conservatively operated funds really can't promise much to pensioners. This is intolerable. So pensions are the responsibility of the greater state, in our case, the federal government. That's why social security must remain the federal realm BTW.

Sooner or late our current political gridlock will yield to a socialist alternative because of these issues. It is just a matter of time. I can only hope the suffering in the transition will not be too great.

Ultra Bob
Cottonwood Heights, UT

The problems causing the downfall of the financial health of Detroit are the same problems that can be seen in Salt Lake City, Provo, Orem and every other city and town in the world.

The problem is that the taxpayer has allowed the government to be owned and operated by businessmen for businessmen too long. True to their nature, the guilty (businessmen), will point the finger at the weakest and most unprotected (workers) as the cause of financial problems.

The fact is that the spending of tax money for Arts, theatres, overbuilding of public transportation, stadiums, museums, and a host of other tax scams created by businessmen are the real cause of the failures.

One Detroit Art collection is valued at $2,000.000.000.00. If the collection is worth that much, how much has Detroit paid for it and the facilities for having it? People, even workers, are worth more to our society than Art.

the old switcharoo
mesa, AZ

You're right Marxist.

Our unstable profit motivated system will eventually yield to a socialist system but the people won't recognize it for what it is when it happens. The government will collapse and families and neighbors will group together in small bunches and take care of each other in small clans as was done for thousands of years before anyone invented farming and money.

But conservatives will never recognize that as socialism or communism.

casual observer
Salt Lake City, UT

The myth of Marxist collectivism has been tested in the laboratory of the USSR and its satellites, Cuba, Venezuela, Albania, China, et al and was an abject failure causing untold misery and hardship. Consumerism (capitalism) is the worst possible economic practice, except for all others - with thanks to W. Churchill.

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