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Sure, riots are definitely a symptom, but the scale and destruction associated with the recent riots could well also be contributing to a rise in unemployment.
by a0-prw 5y ago
Sure, riots are definitely a symptom, but the scale and destruction associated with the recent riots could well also be contributing to a rise in unemployment.
- ldiracdelta 5y agoAlso recent riots change recent behavior. Why would I construct a new system and buy equipment to do business if I now believe that the government that I pay taxes to won't defend the business from lawless riots. Additionally, why throw good money after bad? If the situation changes on the ground such that a reasonable investment becomes a very poor investment due to the recently changed probability of recouping my costs, why would I pour money into that? Something of this phenomenon was found in the Scottish/English borderlanders as written of in "The Steel Bonnets: The Story of the Anglo-Scottish Border Reivers" . They didn't grow as many crops ( an investment). The Scots were at times driven to only producing assets that they could carry or drive before them such as livestock.