In Detroit it also crippled the auto industry, leaving companies unable to afford their pensions and health care promises. It destroyed a city, that is now is unable to honor retiree obligations.
Threatening a firm at it's busiest point of the year may give you more of the pie, but it also shrinks the total size of the pie. In Detroit's case it destroyed the pie.
Threatening a firm at it's busiest point of the year may give you more of the pie, but it also shrinks the total size of the pie. In Detroit's case it destroyed the pie.