Part of the of the problem is that in 1960 many people in the Detroit thought the manufacturing would never change. Many people got complacent and took their good fortune for granted. Also, too many long term decisions (pensions for example) were made without any risk planning. The local gov't, the unions, and the board of directors of the manufacturing sector were no longer competing and looking ahead for new markets and customers. The results are that Detroit has lost 50+% of its tax base and now they no choice but to shrink the cost of local gov't by 50+% and figure out how to become competitive. Is there another Henry Ford, or a Ransom Olds, or Alfred Sloan, or Horace and John Dodge, or Walter Chyrsler out there?