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Hurricane Katrina was estimated to have over $200 billion in losses—if that's true, it seems like there should be more investment in this type of infrastructure
by mikeyanderson 9y ago
Hurricane Katrina was estimated to have over $200 billion in losses—if that's true, it seems like there should be more investment in this type of infrastructure.
- r00fus 9y agoWhy? When you can use disaster capitalism and profit on the "volatility" provided by such events?
- jtuente 9y agoThanks, Keynes.
- r00fus 9y agos/Keynes/Klein/ https://en.wikipedia.org/wiki/The_Shock_Doctrine https://en.wikipedia.org/wiki/The_Shock_Doctrine
- tonyedgecombe 9y agoI've heard it said that in the UK a fatal car crash increases GDP by about £1 million.
- robocat 9y agoReference? A quick skim only showed studies showing cost of each fatality e.g. USD 1.6e6 in US listed here https://crashstats.nhtsa.dot.gov/Api/Public/ViewPublication/812013 https://crashstats.nhtsa.dot.gov/Api/Public/ViewPublication/...
- 6nf 9y agoI think you mean 'decreases'
- iaabtpbtpnn 9y agoI strongly suspect he does not.
- mortehu 9y agoGDP famously includes the cost of ambulance rides, replacing broken windows, and insurance claim examination, even though we might not really want those things.
- gozur88 9y agoNo chance. http://bastiat.org/en/twisatwins.html http://bastiat.org/en/twisatwins.html