economic costs of protest

[dmlfarmer]

Consider this:
“The vandalism and looting in protests following the death of George Floyd at the hands of Minneapolis police will cost the insurance industry more than any other violent demonstrations in recent history, according to an Axios report.”
“While the protests, which occurred in 140 US cities over the spring, were mostly peaceful, the arson, vandalism and looting that did occur will cost the industry at least $1 billion to $2 billion in claims, according to Axios. This will surpass the previous record set during the 1992 Los Angeles riots that followed the acquittal of the police officers who beat Rodney King.”
https://www.insurancebusinessmag.com/us/news/breaking-news/insurance-costs-for-george-floyd-riots-will-be-most-expensive-in-history-233905.aspx

“The Canadian Manufacturers & Exporters organization estimates that approximately $44 million in trade goes both directions across the Coutts border every day.” As of Feb 3rd, the economic cost of Coutts alone was estimated to be $224 Million in UNINSURED losses https://calgary.ctvnews.ca/coutts-alta-border-blockade-estimated-loss-of-220m-economic-activity-industry-experts-1.5766906

“Up to $400 million in goods usually cross the Ambassador Bridge every day. Business leaders say protest puts decades-long economic symbiosis at risk.” https://www.thestar.com/business/2022/02/08/ambassador-bridge-blockade-snarls-us-canada-trade-will-affect-everything-that-you-buy.html

“Plants have been forced to shut because car parts are being held up at two US border points blocked by truckers protesting against a vaccine mandate.”
“Canada's Transport Minister, Omar Alghabra, called it an illegal economic blockade against all Canadians.”
“The trade disruption is estimated to be costing $300m (£221m) a day.” (https://www.bbc.com/news/world-us-canada-60331882

Workers in Michigan car plants lost $51 million in wages this week alone, think about what Canadian auto workers and other Canadian workers have already lost
https://www.abc12.com/news/state/workers-in-michigan-could-lose-up-to-51-million-in-wages-this-week-because-of/article_e00aa5e6-ade5-5361-b9db-5165b67ad182.html

You cry about the damages caused by BLM protestors but most loses were insured. The economic costs caused by the freedom convoy are most uninsurable and have already topped the BLM riots.

[Guest]

anyone in the oilpatch can certainly relate to that
or ranchers that are told farting cattle have to go
what goes around comes around

[bucket]

Consider this:
“The vandalism and looting in protests following the death of George Floyd at the hands of Minneapolis police will cost the insurance industry more than any other violent demonstrations in recent history, according to an Axios report.”
“While the protests, which occurred in 140 US cities over the spring, were mostly peaceful, the arson, vandalism and looting that did occur will cost the industry at least $1 billion to $2 billion in claims, according to Axios. This will surpass the previous record set during the 1992 Los Angeles riots that followed the acquittal of the police officers who beat Rodney King.”
https://www.insurancebusinessmag.com/us/news/breaking-news/insurance-costs-for-george-floyd-riots-will-be-most-expensive-in-history-233905.aspx

“The Canadian Manufacturers & Exporters organization estimates that approximately $44 million in trade goes both directions across the Coutts border every day.” As of Feb 3rd, the economic cost of Coutts alone was estimated to be $224 Million in UNINSURED losses https://calgary.ctvnews.ca/coutts-alta-border-blockade-estimated-loss-of-220m-economic-activity-industry-experts-1.5766906

“Up to $400 million in goods usually cross the Ambassador Bridge every day. Business leaders say protest puts decades-long economic symbiosis at risk.” https://www.thestar.com/business/2022/02/08/ambassador-bridge-blockade-snarls-us-canada-trade-will-affect-everything-that-you-buy.html

“Plants have been forced to shut because car parts are being held up at two US border points blocked by truckers protesting against a vaccine mandate.”
“Canada's Transport Minister, Omar Alghabra, called it an illegal economic blockade against all Canadians.”
“The trade disruption is estimated to be costing $300m (£221m) a day.” (https://www.bbc.com/news/world-us-canada-60331882

Workers in Michigan car plants lost $51 million in wages this week alone, think about what Canadian auto workers and other Canadian workers have already lost
https://www.abc12.com/news/state/workers-in-michigan-could-lose-up-to-51-million-in-wages-this-week-because-of/article_e00aa5e6-ade5-5361-b9db-5165b67ad182.html

You cry about the damages caused by BLM protestors but most loses were insured. The economic costs caused by the freedom convoy are most uninsurable and have already topped the BLM riots.

I won't argue your points but there is an article that Toyota will cut production by half a million vehicles but not because of the above....but because they forgot to keep ordering chips.

And the government will cover that incompetence.

I have no sympathy for the auto industry. They have to change their supply chain model.

[J88]

Ya most of the BLM damage insured to what level or percentage when you have people destroy something how much does that cost to get it back and how much time was lost What is the effect on business owners mental health. When that is ignored in a election year by one side of politics and allowed to carry on with no penalty there is people that should be held accountable instead of blowing it off

[jazz]

LOL, let me know when it gets near $600B.

[Crestliner]

Oh let me get this straight now…. Leftist BLM protesters can burn down peoples businesses and government buildings because they are insured, but damn Truckers THAT HAVE ECONOMIC LEVERAGE! (Atta go boys), haven’t destroyed an asset, haven’t torched anything….are the Bad People…..GEEZES THE LOGIC OF SOME HERE IS AMAZING.

Trudope could stop this in 1 hour if his arrogance was put aside and meet with them and drop the mandates.

HOLD THE LINE BOYS AND GIRLS!

[tubs]

Shithead Trudeau cost us hell of lot more than a protest for a couple of weeks. So don't cry that the economy is going down because of protests.

[wrongway]

[TASFarms]

Would anyone like to do so modeling . At the current rate of inflation what’s
- new Ford F-150
- prime rib steak
- liter gas
- liter diesel
- cell phone bill
- average house hold power and gas bill
- average house water bill
- average house taxes and insurance

Cost in 2,5, 8 years.

[Taiga]

Didn’t read your rant but the economic consequences of shutting the country down for two years for a relatively benign sniffle flu has been significant. Maybe you haven’t noticed.

[dmlfarmer]

Nobel Laurate"s Paper claiming "freedom" convoy has done as much damage to Canada already as BLM did in the US. And you guys are cheering it on?

https://t.co/HnvypjoUEh

Quote from paper to take note of: "What this comparison suggests, of course, is that the Canadian protests, which only involved a few thousand people, may have done as much economic damage as the BLM protests, which
involved more than 15 million people. That’s not as peculiar as it sounds, because vandalism
was incidental to BLM while it was the whole point of the “Freedom Convoy,” whose explicit
aim was to cause economic damage."

[shtferbrains]

Like combat veterans we are kind of numbed to watching unnecessary economic damage done to the economy of our once great region and bountiful country.

[jazz]

Dml Trudeau cancelled $500b in resource projects in this country. He chased another $500b in investment out of the country.

That was before covid.

[chuckChuck]

What happened to all the law and order and pro business conservatives? Apparently they have lost their principles.

You gotta love truckers who block other truckers from doing their job and yelling freedom at the same time.

If your argument against vaccines and covid measures isn't convincing enough to be heard without causing economic damage and hardship on everyone else, then your message isn't credible.

The vast majority of Canadians have chosen to be vaccinated and follow covid measures to reduce the impact of the pandemic and protect our healthcare system.

Now I know that doesn't matter to a small group of self centered individualists who are only interested in themselves and don't care what happens to others, but they are a small minority.

[TOM4CWB]

Perhaps the CDN and US governments can fix the stupidity of the Truckers 'Hours of Service' logs... that over-regulation is costing everyone much more than the few short shifts [at the auto plants] that have been the result of the Jan 15/22 vaccine mandate on truckers... Both US and Canadian Governments saw this coming since they forced these stupid policies/vaccine mandates on our supply chains and economy themselves.

Touting a Nobel Laurate"s paper... is about as helpful as reading our 'musings' here on Agriville...these 'losses' are 'academic vegetation', foreseeable reactions, confirming the clear warnings of chaos expressed [by multiple industries] soon after the vaccine mandates on cross border truckers were announced.

Ignorance is Bliss, this entire fiasco was entirely preventable... and predictable... what was the reason for doing this... THAT SHOULD INSTEAD BE OUR CONSIDERED QUESTION...

WHAT SCRIPT AND SCHEEME ARE TRUDEAU and BIDEN FOLLOWING... ?

The IPCC, Cop26, WEF, Pandemic economic transformation of global credit and currency systems...the genetic manipulation of the human immune system... the vast sums of human experiments completed... is astounding to comprehend... Dr Fauci, WHO, the CHINESE Government... all knew or should have known... that all this transformation of our civilization would occur.

Cheers, the WEF script is being followed... these civil rights demonstrations were entirely predictable... no surprises here... 'Revelations' being fulfilled [to a T being crossed... and i being dotted]...from prophecies that were revealed to humanity almost 2000 years ago.

Go to ProphecyUSA.org ...'The Hour That Changes Everything'...

This reveals the time lines and script Trudeau and Biden are following. That is If you actually care to know...

God Bless Canada!!!