What’s happening in Flint is a good example of how the social effects of institutional lapses are much more difficult to fix than just replacing a bunch of pipes. We’re seeing the same effects happening around COVID and its after effects and we’ll see many more examples of government distrust and chaotic confusion in the coming decades.
Related
What China has done in industry after industry is to flatten the supply curve by subsidizing hordes of producers. This spurs innovation, increases output and crushes margins. Value is not being destroyed; it’s accruing to consumers as lower prices, higher quality and/or more innovative products and services.