BY GOLOKA CANDRA DASA
KUALA LUMPUR - Industrialised cities and factories are the opposite of what Srila Prabhupada desired and preached: "Simple Living, HighThinking". Srila Prabhupada said that these cities and factories would be eventually finished and he wanted the devotees to undertake farming and cow protection, and teach the people how to live on the land and practice Krishna-consciousness. Unfortunately too many of our members themselves are entangled in working in factories etc to even think about changing that kind of life. Perhaps they will be jolted to think out of the box by news like this, that Detroit, one of America's biggest and most industrialised cities, has gone bankrupt and its people are moving away in droves to re-settle elsewhere. It serves to remind us that it is always better to put our faith in Srila Prabhupada's instructions than in the mundane material system. Hare Krishna!
Detroit has lost a quarter of a million residents in the past decade. Continue reading the main story
The US city of Detroit in Michigan has become the largest American city ever to file for bankruptcy, with debts of at least $15bn (£10bn).
State-appointed emergency manager Kevyn Orr asked a federal judge to place the city into bankruptcy protection.
If approved, he would be allowed to liquidate city assets to satisfy creditors and pensions.
Detroit stopped unsecured-debt payments last month to keep the city running as Mr Orr negotiated with creditors.
Detroit in decline
- Population has shrunk from a peak of 2 million in the 1950s to 713,000 today
- Highest violent crime rate of any major US city, with 15,245 reported incidents in 2011
- Some 78,000 abandoned and blighted buildings
- 40% of street lights do not work
- Only a third of the city's ambulances are in service
- Just 53% of owners paid their 2011 property taxes
He proposed a deal last month in which creditors would accept 10 cents on the dollar of what they were owed. Mr Orr suggested at the time there was a 50-50 chance of the city needing to file for bankruptcy.
In a letter accompanying Thursday's filing, Michigan's Governor Rick Snyder, a Republican, said he had approved the request from Mr Orr to file for Chapter 9 bankruptcy.
Gov Snyder said: "Only one feasible path offers a way out," adding that residents needed a clear exit from the "cycle of ever decreasing services".
"The only way to do those things is to radically restructure the city and allow it to reinvent itself without the burden of impossible obligations.
"It is clear that the financial emergency in Detroit cannot be successfully addressed outside of such a filing, and it is the only reasonable alternative that is available".
Mr Orr has said that the city's long-term debt could actually be between $17bn and $20bn.
The former manufacturing powerhouse's finances have struggled for some time, driven by a number of factors, including a steep population loss.
The city government has also been hit by a string of corruption scandals over the years.
Declining investment in street lights and emergency services have made it difficult to police the city.
The city lost 250,000 residents between 2000-10.