What Does This Symbolize to You?

So, I ride past a particular crosswalk every day, twice per day in fact. After some time, I noticed something rather peculiar. At first, it looked like a rather normal-looking lawn chair. Upon repeated inspection, these chairs are apparently in high demand, or are a frequent target for criminal mischief, so obviously one would avoid leaving said chair unattended. The picture below violates several basic principles, some related to cycling:

Rule # 1 when locking up an item of potential value: Lock the item to something >= the strength of the lock itself. My guess is that someone could look really angrily at the chain link fence and the chain would work itself free. I don't think the chair is much stronger than the chain, either.

Rule # 2: Ensure that monies spent on locking mechanism <= item being locked up. I'm pretty sure the chair is less expensive than the lock and chain.

Now for the fun part, SYMBOLISM, a la Robert Langdon. I'll leave my thoughts on what this symbolizes in the comments, I'm interested in your thoughts . . . .