New political party?

[Oracle]

Bad example: The list of bankrupt towns and states is growing.
Detroit is a ghost town that can never recover. Direct result of corbyn like spending binge, all the same messages, all the way to bankruptcy. All the professional people that can have gone ( just like greece, portugal, italy). Public services once booming now no longer exist. Inevitable increasing tax rates for the few that remain prevent it ever recovering. Just like (portugal, italy, greece) Italy under a lira could reboot. First it must default.
The economies of the USA are essentially similar, unlike the Eurozone.

Interesting speculation Oracle. Low taxes to attract companies certainly help business. I'm yet to be convinced that it's good for citizens.

Whenever anyone uses this argument about disparate economies, I'm reminded of the US economy. There they have states will lots of different laws to each other and very different economic circumstances. Yet they have one currency. I'm not hearing a clamour of people saying Alabama (for example) should leave the dollar to devalue its way out of debt. And yet people are proposing it as a solution to the woes of some Southern European countries.