Among 350 businesses identified by city officials as damaged in two nights of rioting were drugstores and grocers considered the lifeblood of some of Baltimore’s poorest areas. Many customers are elderly or have chronic health problems and live in “food deserts” with limited access to transportation and healthy food.
According to The Korea Times, at least 40 of those businesses were Korean-owned ones.
Robert Blum, director of the Urban Health Institute at Johns Hopkins University’s Bloomberg School of Public Health, astutely pointed out that this sort of damage “creates a disincentive for people to invest in local and particularly low-income communities.”
I hate to say it, but one would have to be a complete fool to invest even a dollar in that downtrodden city. Why take the risk in a city that suffers from an epidemic of crime and whose citizens refuse to address any of the real issues at play?
One could conceivably earn a higher ROI by investing in penny stocks.
“One of the things we continue to see in the poorest communities in Baltimore [is that] there is a continual eroding of that small-business infrastructure,” Blum added.
Exactly. Like I have said before, the real victims in Baltimore are its Middle Class citizens, who remain at the mercy of the city’s less successful residents, some of whom hate to see anybody do well …