Hurricane Katrina

Hurricane Katrina was astonishing not simply for the incredible destruction it brought to life and property in its part of the world. It also showed how money can safeguard a way of life, and how the lack of money can shatter a fragile economic balance.

Wealth and poverty always exist at either end of the economic bell curve. Not everyone in even the most generous and benevolent society can be rich. Events such as Hurricane Katrina only shine a spotlight on inequities. They do not eliminate them, or even solve them. At best, they suggest that a radical divide exists. At worse, they encourage discrimination and hopelessness by suggesting that such a divide can never be overcome.

Yet Katrina sparked an amazing initial burst of giving among those who could afford it to help those in need. Donor interest soon drifted off to fund newer tragedies, as such generosity is wont to do, but the enormity of this particular t

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Category: Economics - H