Leo Benedictus

Detroit Has Gone Bankrupt, But It's Not the First Place to Do So

Detroit has filed for bankruptcy. For the city that was once the centre of the planet's automobile industry and that gave us Motown and techno, it is the sad conclusion of a long decline. But it is not the end. Cities with 700,000 people living in them can't just be sold or abandoned, and many places around the world have been bankrupt before. Below are just a few examples:

Keep reading... Show less
BRAND NEW STORIES