Singapore will not be another Detroit

Detroit City was one of the richest American city in the 60s and 70s.
Ford, GM and Chrysler made it their homes and provided hundreds of
thousands of well paying jobs to create a rich middle class of Americans
driving ultra big cars and tearing down the highways with petrol
costing only a few cents. What a good life.
 
Detroit has just declared bankrupt with a debt of US$18b and unable to