These developments in Detroit represent a microcosm of the U.S. as a whole. There is an inflation rate of more than 8% not witnessed in more than four decades. At the same time, the Biden administration has provoked a conventional war with Russia over the expansion of the North Atlantic Treaty Organization (NATO) further into Eastern Europe.
The so-called Great Recession of 2008-2010 can be viewed as the modern-day manifestation of the housing crisis, although the actual problems extend back many decades to the inherent racist character of the Federal Housing Act and the Federal Highway Act enacted from the 1930s to the 1960s.
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