I think a lot of people burning things in the middle of a dual pandemic and depression think it’s all going to spring back up suddenly after it’s done. But insurance may not pay for it, many of these venues may not ever get rebuilt, many of these cities will see people leave.
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Ok, you seem very confident that riots are for some greater good. So are you going to pay the bills of the black businesses that are being burned to the ground? Or prop up the wealth of every minority community if it declines post riot? https://mobile.twitter.com/disrnnews/status/1266373982804115456 …https://twitter.com/DisrnNews/status/1266373982804115456 …
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that is a pretty far leap to a conclusion. I did donate to small business repair funds yesterday actually. Do you think I have the power to stop these riots or something?
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Tom Sugrue wrote one of *the* books on 1960s Detroit btw.
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Do you (
@balajis) think the property damage is so great that folks ought to just swallow their frustration for the better good? i.e. riots so bad, just hold tight until you can vote in November? Or did you have some alternate proposal for those who feel boxed in? - 4 more replies
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These are complex systems and the impact of riots is difficult to predict. But there’s a good chance it will—by changing perceived risk of investing in cities—vastly exceed any immediate property damage. Impact is non-linear, and combined with Covid the cost could be enormous.
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I was there then, and you are wrong about the protests, and the displacement has largely been brought about through economic opportunity for most. The black middle class is far larger than it was then.
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It also ignores that most of the businesses being looted in 2020 are national chains like Walgreens, target or autozone. The wealth lost in destruction isn’t localized to the community, and the wealth the community had left years ago when chains beat out locally owned shops.
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Really hard to see how looting a Nordstrom or Macy’s is going to cause a generational impact on wealth in low income communities of color.
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So it’s okay if non blacks bear the burnt of it? Even if they are not ostensibly rich?
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