There are two thing we know for certain about Illinois. Corruption has always been rampant, and it has historically been the monopoly transportation corridor to the North east.
The two may be connected, Illinois failure may be due to New York's failure to break the supply grip. The pension catastrophe is simply the result of public sector making sure they get the same level of corrupt gains as anyone else.
Chicago itself, having to mainly serve as intermediary, never really developed beyond the corrupt stage. This is the result we would expect from Patterns of sustainability or Krugman trade theory; when blocked, reconstruct the capability in Idaho, reagglomerate.
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