Preventing Urban Bankruptcy through Public and Private Resource Mobilization

Capitalist real estate markets can create opportunities for profiteering and lead to large-scale urban bankruptcy when taxes from large property owners are no longer available. This results in decreased public funding for essential services like policing, infrastructure, education, and health, triggering a downward spiral like in the case of Detroit. To prevent this, mobilizing necessary public and private resources is crucial in maintaining communities and businesses, as shown by the efforts of big banks offering tailored credit solutions for small businesses in the US.