In order to provide the best user experience, we had to abandon support for Internet Explorer versions prior to IE9. Upgrade your browser.

Article 2 (Nov 2020): Business, cities can collapse under pervasive fear, writer says

November 24, 2020
Violence and fear can kill a city.  Detroit still bears the scars of rioting in the 1960s that, along with other factors, turned the city from a destination to an afterthought.
And now Chicago?  The city was hit in May and August by hundreds of young people who traveled from their neighborhoods to stores and shopping centers throughout the city. They had one purpose in mind: Smash and grab. They were chillingly effective.  The Chicagoland Chamber of Commerce CEO said in print what most people whispered: Looting has been going on all summer.
In cities large and small, vandalism in protests has gone unchallenged, from damage to statues to incidents of theft.  According to Crain's Chicago Business, criminals have taken note. They have confidence that they can act with impunity.
That can be a recipe for economic collapse, even in times without a pandemic.
Here is how looting and rioting create fear and kill cities, according to Crain's business writer Joe Cahill:
  • Homeowners become afraid to leave their homes to shop, dine or walk their dogs. They fear for their children.
  • Fearful residents put their condos and houses up for sale. Buyers are scared off. Real estate values decline.
  • Stores and restaurants begin to fail.
  • Tourists and conventions cancel plans and hotels fail.
  • Jobs disappear.
  • Middle and upscale shops close.
  • Tax revenues shrink. The city stops spending on beauty and services. The city declines.

« Return To Articles
Quick Contact

Newsletter Signup

Join our email list and we will keep you informed of sales and promotions and other great deals!

Email Subscribe

Request Literature

Request our Electrical Contact, Carbon Brush, or Control Coil catalogs (via Mail).

Request Now
International: 856-762-0172
Domestic: 800-822-9190

Repco Quick Contact

If you do not see what you need, please let us know what it is and we''ll do our best to help you.

First name required.
Last name required.
Company required.
Valid email required.
Phone number required.
If you are looking for a quote, please include model & quantity in your comments!
Comment required.
Send your inquiry now and we will respond promptly.
Interest is in general information for pagename=articles/Article_2__Nov_2020___Business__cities_can_collapse_under_pervasive_fear__writer_says.
Please check the recaptcha box.

Site Search

OEM, Product, Repco ID #s or Terms