Insurance often does cover part or all of the losses. What they leave out is that the businesses take the insurance money and either call it a day or move to an area that values businesses and jobs more than the fee fees of criminals.
It's absolutely a vicious cycle in the ghetto. Some areas still haven't recovered from the race riots of the 60's. Partly because they learned their lesson about setting up shop in the hood, and partly because the higher insurance rates make in untenable or at least less profitable to do so. Shit holes like Seattle and Portland will suffer the consequences of their shitty political decisions for a long, long time. The upshot is that the businesses are incentivized operate in areas that actually enforce the law. The problem is partially self correcting at least.
I remember a black conservative who grew up in the ghetto was saying until you want to address the root cause the neighborhoods will always be the same. The city leaders just blame “white supremacy” and you are right. Businesses will leave because I wouldn’t set up shop in an area that could have riots where police are told to stand down.
Insurance often does cover part or all of the losses. What they leave out is that the businesses take the insurance money and either call it a day or move to an area that values businesses and jobs more than the fee fees of criminals.
It's absolutely a vicious cycle in the ghetto. Some areas still haven't recovered from the race riots of the 60's. Partly because they learned their lesson about setting up shop in the hood, and partly because the higher insurance rates make in untenable or at least less profitable to do so. Shit holes like Seattle and Portland will suffer the consequences of their shitty political decisions for a long, long time. The upshot is that the businesses are incentivized operate in areas that actually enforce the law. The problem is partially self correcting at least.
I remember a black conservative who grew up in the ghetto was saying until you want to address the root cause the neighborhoods will always be the same. The city leaders just blame “white supremacy” and you are right. Businesses will leave because I wouldn’t set up shop in an area that could have riots where police are told to stand down.