Opening the floodgates
2009-06-30
Will a Czech politician dare to stand up and announce that the
floods that have caused at least Kč 5bn in damage are a good
anti-crisis exercise? After all, the floods will require people to
rebuild their homes, buy new cars and replenish their pantries.
This will give the depressed economy a big boost. And of course
there are the billions of crowns in highway and railroad
contracts, which have brought twinkles to the eyes of many a
construction manager. Perhaps if the rains continue, the
country's economic problems will be washed away! But of course
this is absurd and insensitive. Destruction and death through
floods isn't the way to rebuild a shattered economy, any more
than wars and wasteful government projects have been in the
past. Politicians won't praise the floods, but they will eagerly
adopt policies and programs that over the long term could be
just as destructive.
[Czech Republic water]
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