Imploding Cities Will Drag All of Us Down — Even if You Don't Live Anywhere Near One

PJ Media ^ | 12:42 PM on July 16, 2023 | Athena Thorne

[Chad C. Mulligan]

There is so much wrong with America’s cities, it’s hard to see why any contributing member of society would live and/or work in one of them. Some of the issues arise from far-Left local governance while others are generated by more widespread Leftist policy. These are coupled with an organic workforce evolution, as the United States transitions from an industry-based to an information-based economy. The result is urban areas caught in a downward spiral — and, as with any sinking vessel, threatening to suck everyone nearby down with them.

[Chad C. Mulligan]

The collapse of cities like San Francisco will drain resources nationwide, crippling infrastructure far beyond their metro areas. Not too far-fetched to think that they may collapse the banking system, since big banks are so heavily exposed to defaults by urban real estate companies.

It gets worse......