How might the riots be responsible for these outcomes? The National Bureau of Economic Research suggests a number of ways:Property risk might seem higher in central city neighborhoods than before the riots, causing insurance premiums to rise; taxes for income redistribution or more police and fire protection might increase, and municipal bonds may be more difficult to place; retail outlets might close; businesses and employment opportunities might relocate; middle and higher income households might move away; burned out buildings might be an eyesore; and so on. These damaging aspects of riots, the authors find, apparently outweighed outside assistance directed toward the riot areas in the wake of the disturbances...
Or as James Lileks wrote yesterday of Minneapolis:
They had stories of what it’s like to live downtown now, and if I could sum it up, it would be this: SUDDENLY CRAZY. Emboldened lawlessness. A year ago: living in a beautiful neighborhood with spectacular views, access to parks and restaurants, peaceable dog walks after dark. Now: Carjackings, fireworks, madmen muttering outside the front door, a spiky sense that anything outside of a block or two radius is questionable. These are long-time downtown residents...
It took 20 years to build up this part of the city, and three months to spoil it.
Just compare Pompeii Detroit to this time capsule video from 1965, just before the lights went out:
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