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A comment on Can Technology Redefine Detroit?. Parent comment

Re:Can Technology Redefine Detroit? by jerf on Tuesday August 28, 2012 @11:05AM (#4444016)
"Mitt Romney might have famously called to let Detroit go bankrupt, but all it really needed was some investors who cared enough to force a paradigm shift."

Those two things are unrelated. Bankruptcy doesn't mean the city physically disappears or anything. The reason one declares bankruptcy is to clear debts (in a fairly drastic way), which opens capital up to do things other than service debt. It may yet be a necessary or desirable step.

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Re:Can Technology Redefine Detroit? by freehunter on Tuesday August 28, 2012 @11:59AM (#4444341)
You're right, Detroit hasn't avoided bankruptcy yet. Like you said, though, bankruptcy is drastic and has consequences. It could be possible to rebuild without suffering that blow and without a bailout.
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