Louisiana Flood Danger

Written by: A. Allan Schmid

Primary Source: The Troublesome Economist

Louisiana is slipping into the Gulf caused by oil company channels, drilling, and pollution that kills vegetation on coastal marshes.  “Each day the state loses nearly the accumulated acreage of every  football stadium in the N.F.L.”  John Barry is a public spirited citizen member of a regional flood protection board.  The Board brought suit against the oil companies, but Republican governor Jindal persuaded the legislature to condemn the suit and order its cancellation.  The oil companies applauded, even though they know that the next hurricane would destroy a lot of their property. There is a distinction between “dumb” and “stupid”–not acting on your own best interest.  This is an example of the latter.

Source: NYT Magazine, Oct. 5, 2014.

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A. Allan Schmid
Alfred Allan Schmid, University Distinguished Professor Emeritus. Taught at MSU for 47 years in the Dept. of Agricultural, Food, Resource Economics. In addition to scholarly books, he more recently published a historical novel entitled "The Quest for Land and Fortune."
A. Allan Schmid

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