Michael Snyder on the mass exodus of businesses from cities as a result of the riots and looting

Urban communities all over the U.S. are now facing the possibility of a mass exodus of businesses, and many local leaders are freaking out because they realize what such a mass exodus will mean for their cities. In the aftermath of George Floyd’s death, peaceful protests were held in more than 300 cities all across America, and a recent CNN poll found that 84 percent of all Americans supported those peaceful protests. Unfortunately, rioting, looting and violence also erupted in major cities from coast to coast, and very little was done to suppress that violence. As a result, the core areas of many of our largest cities now resemble war zones, and in the months ahead there will be a constant threat that the violence could flare up again at any time.

~ Michael Snyder, publisher of The Economic Collapse Blog, "As Businesses Flee the Violence, Will Major U.S. Cities Be Transformed Into Economic Wastelands?," June 10, 2020