The government (local, State, and Federal) appropriated responsibility for the Mississippi River levy system, the drainage systems, the pumping systems, the road ways, and the bridges, but apparently, they left it to the market to provide the service of evacuating the poor and the infirm. Since they poor and infirm were not, to any great extent, evacuated, is this an example of market failure?

 

 

Best regards,
Michael Giesbrecht

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