#1,631 - Walgreens abandoned San Fran because of terrible policies that promoted shoplifting

Economics students learn in their 101 classes that basic markets can’t function without a few prerequisites — namely, the protection of private property rights. It’s an introductory concept because it’s almost self-evident: How can people do business if they’re not secure in their property and profits? Yet the furthest-left faction of today’s Democratic Party, which governs in the most liberal bastions such as San Francisco, has abandoned even this most basic lesson. And, just as econ 101 predicted, stores are abandoning the California city in droves.

Just this week, the pharmacy chain Walgreens announced that it will close five of its stores in San Francisco, citing theft and retail crime as the main motivator behind its decision.

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