Posted on 11/09/2020 9:21:00 PM PST by yesthatjallen
Some activists have downplayed the damage to businesses from looting and arson in racial justice protests around the country. But some small entrepreneurs are struggling.
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It’s a prominent refrain these days from activists in the aftermath of arson and looting — businesses have insurance. Buildings can be repaired. Broken glass is a small price to pay in a movement for justice.
One new book, called “In Defense of Looting,” for example, argued that looting is an essential tactic against a racist capitalist society, and a largely victimless crime — again, because stores will be made whole through insurance. The top editor of The Philadelphia Inquirer resigned amid outcry for publishing the headline, “Buildings Matter, Too.”
“‘People over property’ is great as a rhetorical slogan,” the paper’s architecture critic, Inga Saffron, wrote in that piece. “But as a practical matter, the destruction of downtown buildings in Philadelphia — and in Minneapolis, Los Angeles, and a dozen other American cities — is devastating for the future of cities.”
On the burned-out blocks hit by unrest since the killing George Floyd, an unarmed Black man, in Minneapolis in late spring, the reality is complicated. Mr. Floyd’s death was the start of months of protests for racial justice led by the Black Lives Matter movement that have left long-term economic damage, especially in lower-income business districts.
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(Excerpt) Read more at nytimes.com ...
More 'food deserts'. No CVS for prescriptions. No businesses, no job opportunities.
It will all be blamed on high insurance rates in black communities.
Further proof of systemic racism.
Wait for it.
l8r
The riots of the 1960s destroyed the economy of many cities for _decades_.
Some downtown areas have _never_ come back.
Folks have long memories—and there are a lot of better options than doing business in areas where rioters feel free to riot.
And on the pedestal these words appear -- "My name is Ozymandias, king of kings: Look on my works, ye Mighty, and despair!"
‘In Defense of Shooting Looters’ is the book I go by.
They forgot what happened in the 60s. They destroyed the local businesses and they had to travel to the white neighborhoods to shop.
Every insurance policy I have ever seen has an exception for civil unrest.
Are insurance companies covering these losses?
The damage cost is thus politically relegated to the insurance companies. The insurance companies are thus out of pocket and the money is gone. The result is with the the riot, or much higher insurance or no insurance protection available.
It turns out that for America, Black Lives Don’t Matter. Black Lives are costing much more than they re worth to the American Society
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Political thought that realizes there are many black citizens who actually contribute to American society.
You are correct. I would think that in point of fact, most businesses damaged by the pernicious looting burning and pillaging will not be made whole by their insurance.
I lived in So Calif during the Watts Riots.
Our office was 1 building north of Washington Blvd on Vermont.
We had NO ‘lunch room’. We all usually went to a small cafe south of Washington, which was INSIDE the riot perimeter. We had NG troops sitting inside while we tried to eat.
A rioter got onto the roof of the 2 story building I worked in & tried to drop grenades down the ventilation shaft. Our offices were on that 2nd floor.
Our bldg maintenance man had survived WW II.He herd the footsteps on the roof & went up I SHOT the guy. Dead...NO problem & no charges when cops found the grenades...
I have been doing accounting for over 63 years. I have NEVER seen insurance that will cover riots-—looting—arson—insurrection, etc. These businesses may NEVER recover.
In Watts, many of those burned out buildings have never been rebuilt—no insurance will even cover the construction.
Those riots happened in 1965 ,IIRC.
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