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re: Older Baton Rouge residents. What lead to the decline of NBR?

Posted on 6/25/17 at 12:07 am to
Posted by texashorn
Member since May 2008
13122 posts
Posted on 6/25/17 at 12:07 am to
quote:

White people are generally in control of the economy and they have by and large chose no longer to invest in NBR

Seriously? Without white people's tax money propping things up, you'd devolve into Zimbabwe even faster.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67213 posts
Posted on 6/25/17 at 12:35 am to
The base of capitalism is the ability to "own" things and to secure the benefits of one's own labors. No one wants to invest their money in places where they cannot secure their property and their lives due to indemic crime. I have heard the same from many former tenets of retail space at Cortana Mall and elsewhere in North Baton Rouge. They sold enough merchandise to he profitable if not for their incredibly high "shrinkage rate", i.e. the percentage of goods that are lost to theft. They were shop-lifted out of business.
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