By contrast, nothing will bring back George Floyd, let alone the countless black people afflicted by police brutality that weren't caught on camera. With millions still unemployed and a sense that society has left so many behind, COVID in the US was a powder keg looking for a match, and a breakdown of order shouldnt really be unexpected.
> Besides, these businesses are all insured
Some of them are. But having to claim on insurance is an expensive proposition that eats into profit margins (which is extra difficult in the middle of a worldwide depression).
> Im certain that Apple and Luxottica, some of the richest companies in the world, can write off the loss.
Most companies aren't multinational megacorps in high profit businesses.
I drove through South Central Los Angeles about 1 year after the Rodney King riots. I don't know what proportion of the businesses were rebuilt, but it was pretty clearly that many of the buildings hasn't been rebuilt. Large scale building damage takes a LONG time to rebuild and probably means the business can't run until it's done.