5 ms·
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 fede
by 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...