As we mark the 10th anniversary of Hurricane Katrina, the most expensive natural disaster in U.S. history, the Koch-founded CATO Institute injected themselves into the debate over disaster response and preparedness. In a blog post criticizing the Federal Emergency Management Agency (FEMA) on the 10th anniversary of Hurricane Katrina, CATO Institute Director Chris Edwards calls for the complete privatization of disaster response and preparation organizations including FEMA. While Edwards is correct that George W. Bush’s FEMA made many egregious mistakes in its response to Hurricane Katrina, the total privatization of disaster relief would have, frankly, disastrous results.
Edwards writes that “the private sector also played a large and effective role during Katrina,” but he fails to relay the many companies, including several Koch subsidiaries, that took advantage of the situation.
Bridge Project’s new report, “Ten Years Later: A Look Back On The Koch Brothers & Hurricane Katrina,” looks at Koch Industries’ role in Katrina. The Kochs’ […]