I will strongly argue that the $ is colorblind. (please post otherwise if you disagree).Originally posted by pwright1
...Now the 1.2 million square foot mall was forced to close for good in 2002.
Everyone likes to eat out. I guess the Woodmore/Kettering black folks don't. No nice restaurants either.
No matter if your from the Ciprini Green projects of Chicago or the gated communities of Woodmore blacks are treated the same.
Your example is that of $$ market, not racism. Why no money was spent at the mall, I don’t know the factors but you say there was a mall and it closed. Unprofitable malls close in white neighborhoods also. Profitable Malls don’t close. I imagine your example mall was not turning profit, because if it was profitable it would not of closed. PERIOD.
In regards to restaurants, you bring up an interesting point. I wonder if a study of “eating out” demographics has ever been done.
A good example of restaurant demographic market trend:
I live in Miami = there is a large international culture = international cultures eat late = restaurants stay open late.
My Grandparents lived in Naples Florida (as snowbirds) = There are many snowbirds (ei older people) in Naples = Older people eat early = Restaurants are busy around 5 & 6 and close early.
Are there International cultures in Naples = Yes. Is the fact the restaurant close early “racism” against this culture = no, it is simply marketing 101 supply and demand.
Ok, now a pop quiz:
I live in a younger area in Miami. There are no early bird specials by my house. Maybe I want to eat at 5 for a discounted price. Is the fact that all the early bird specials are north by the snowbird areas?
B: Age discrimination
C: Market Factors
When the institutions are private they don’t think about social factors, they think about the $. That’s all. It is not called “racism” it is called “profit”.
If the demand warrants the supply = restaurants would locate in your example neighborhood.
Again I say, the $ is colorblind.