Hurricane Katrina: How a “Free Enterprise” Economy Budgets

In sorting my papers, I ran across an article I had saved from the April 30, 2002 NY Times entitled “Nothing’s Easy for New Orleans Flood Control.” It described in detail what would happen if a major hurricane hit New Orleans. One quote:

“Perhaps the surest protection is building up the coastal marshes that lie between New Orleans and the sea and that have been eroding at high rates. But restoration will require time, a huge effort, and prohibitive sums of money, perhaps $14 billion according to a study…”

Here are a couple of quotes from Wikipedia entry on Hurricane Katrina, which occurred three and half years later:

“All of the major studies concluded that the USACE [U.S. Army Corps of Engineers], the designers and builders of the levee system as mandated by the Flood Control Act of 1965, is responsible. This is mainly due to a decision to use shorter steel sheet pilings in an effort to save money.”

“Overall, at least 1,245 people died in the hurricane and subsequent floods, making it the deadliest United States hurricane since the 1928 Okeechobee hurricane. Total property damage was estimated at $108 billion.

Free enterprise is anything but!

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