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Detailed text transcripts for TV channel - MSNBC - 20130223:15:09:00

>> but pay attention. pay attention. because if you don't pay your bills, this is what happens to you. >> let me ask about that. i do think there's kind of two ways to read it. certainly even your book operates on these multiple levels. there's corruption and greed and bad things happening but as you point out, that's true in tons of american cities, where things are fine. or at least where they're limping along in a relatively reasonable way where we're still seeing economic growth, yet you can uncover -- scratch the surface, plenty of corruption and bad choices and not paying your bills. >> poor government. >> so why did more than a million people leave? what is it that led to that kind of exodus from detroit? >> we never dealt with our racial issues, right? we're from detroit. we thought we're the terminus of the underground railroad. turns out we're the southern town. we never dealt with race, did we? >> no. >> never did. everybody knows eight mile, right? well, eight mile is now 14 mile. that's one reason.

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