5 ms·

It hurts insurance companies, but it's great for anyone who fixes or repairs windows.

lotsofpulp 6y ago
Until the businesses don’t exist anymore because it’s not possible to insure at a price where people will still buy product.
- brenden2 6y ago
  These are mostly big chains, I think they'll be okay.
  - lotsofpulp 6y ago
    The big chains were suffering outside of a handful of affluent neighborhoods in all cities even in good times, I don’t see why this wouldn’t be a problem. Margins are low, and consumers’ ability to spend is low, so raising prices might not be possible leaving closing down as the only option.
    - brenden2 6y ago
      If you don't run a viable business, should your business continue to exist? Which one do you want, socialism or capitalism? In a capitalist system, failed businesses are allowed to fail and don't get free money from the government.
      - lotsofpulp 6y ago
        The discussion is about businesses that suffer losses from being vandalized or robbed. No one can run a viable business in that kind of environment.
  - ggreer 6y ago
    The big chains won't run risky or unprofitable stores. It's the communities that will be hurt by this. Despite interest-free loans and over $100 million in federal funding, Baltimore still hasn't recovered from the 2015 Freddie Gray riots.[1] Moreover: government funding is a rather blunt tool, and directing it at a city tends to cause most of the money to flow to the nicer parts of town. That's what happened in Ferguson.[2] Riots tend to widen the disparities, not reduce them. 1. https://www.baltimoresun.com/maryland/baltimore-city/bs-md-ci-freddie-gray-five-years-later-20200417-gcz7z44lajdizdgvtl6d54rnv4-story.html https://www.baltimoresun.com/maryland/baltimore-city/bs-md-c... 2. https://www.washingtonpost.com/graphics/2018/business/is-racial-discrimination-influencing-corporate-investment-in-ferguson/ https://www.washingtonpost.com/graphics/2018/business/is-rac...

Until the businesses don’t exist anymore because it’s not possible to insure at a price where people will still buy product.

brenden2 6y ago
These are mostly big chains, I think they'll be okay.
- lotsofpulp 6y ago
  The big chains were suffering outside of a handful of affluent neighborhoods in all cities even in good times, I don’t see why this wouldn’t be a problem. Margins are low, and consumers’ ability to spend is low, so raising prices might not be possible leaving closing down as the only option.
  - brenden2 6y ago
    If you don't run a viable business, should your business continue to exist? Which one do you want, socialism or capitalism? In a capitalist system, failed businesses are allowed to fail and don't get free money from the government.
    - lotsofpulp 6y ago
      The discussion is about businesses that suffer losses from being vandalized or robbed. No one can run a viable business in that kind of environment.
- ggreer 6y ago
  The big chains won't run risky or unprofitable stores. It's the communities that will be hurt by this. Despite interest-free loans and over $100 million in federal funding, Baltimore still hasn't recovered from the 2015 Freddie Gray riots.[1] Moreover: government funding is a rather blunt tool, and directing it at a city tends to cause most of the money to flow to the nicer parts of town. That's what happened in Ferguson.[2] Riots tend to widen the disparities, not reduce them. 1. https://www.baltimoresun.com/maryland/baltimore-city/bs-md-ci-freddie-gray-five-years-later-20200417-gcz7z44lajdizdgvtl6d54rnv4-story.html https://www.baltimoresun.com/maryland/baltimore-city/bs-md-c... 2. https://www.washingtonpost.com/graphics/2018/business/is-racial-discrimination-influencing-corporate-investment-in-ferguson/ https://www.washingtonpost.com/graphics/2018/business/is-rac...