Comment by SoftTalker

Prisons are full. We have one of the highest incarceration rates in the world. No cops, prosecutors, or judges are interested in putting a bike thief in prison. We've just decided it's an acceptable cost in our society. It's another reason that cycling is not a useable mode of transport in many places: if you don't have a secure/indoor place to put your bike at work or while shopping, it will get stolen. So you either ride bikes that you can afford to lose, which sucks if you have to go any real distance, or you drive.