Friday, November 10, 2006

protection from destruction is creation

when we look at markets - we look at what it creates. from food to telecom, the fruits of production are easy to identify.

but what about destruction.
dont markets have a role to protect people from destruction. often, when calamity strike when we think it is solely the duty of the government to come to aid of the people. surely non profits do play a role but that does not take away the a fraction of the responsibility the government of the day faces

but what if there is no proper government ??

here is a sadly interesting example of the flood in somalia.
"Hassan said the problem lies in the fact that the country has been without a government since 1991. No one has been able "to de-silt the riverbed or manage the sluice gates on the rivers or adjoining canals. We had one canal but it is no longer functioning". the entire story is available here.
if any of the few readers do come across interesting examples of how markets work or mostly dont work in times of destruction, pl. do leave a comment or mail us!

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