The bankruptcy of Detroit was a political conspiracy and a social crime, designed to set a national precedent in the looting of employee pensions and public assets. It represented a conscious decision to use the courts and an anti-democratic emergency manager law, to impose attacks on the working class previously considered impossible.
Subsequent to the “Grand Bargain” which turned municipal assets over to the banks and imposed pension and healthcare cuts on retirees, tens of thousands of Detroit residents have suffered water and electricity shutoffs, or have been evicted from their homes to make way for real estate speculators. The entire city center has been sold “for a song” to Quicken loans magnate Dan Gilbert. In the nearby city of Flint, tens of thousands of children have been poisoned with lead in the city drinking water.
The Workers Inquiry into the Bankruptcy of Detroit and the Attack on the DIA and Pensions, held February 15, 2014 at Wayne State University, exposed the political, social and economic forces behind the largest municipal bankruptcy case in US history.
The booklet contains five reports from the Workers Inquiry, covering the social and historical context, the record of political conspiracy involving state and local authorities and the Obama administration, the legal aspects, the rape of the Detroit Institute of Arts, and the economic parasitism behind the decline of the once-powerful industrial city.
A detailed knowledge of this conspiracy is critical to the class-conscious worker seeking to organize a politically independent movement of the working class, in the fight for socialism.