Hidden flood profits
As Central Europe was flooding, the northwest part of
the U.S. was burning. The Economist wrote in its latest
issue that the private contractors who profit handsomely
from the fire-fighting efforts in the U.S. have no interest
in reducing the number of blazes. In the CR, no one is
promoting floods as a recurrent source of profit, but it's
not yet clear where much of the estimated Kč 60-90bn
needed to recover from this year's disaster will go. The
authorities have said little about what will be done to
monitor where and how the money is spent. The Union
of Construction Entrepreneurs stated that it wants it
members to work for no profit. Working for free is a nice
PR gesture, but no one can be expected to do it for very
long. The longer private contractors claim to do so, the
more likely people will wonder where the profit is being
hidden.
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