Skip to Content
Dice Have No Memory: Big Bets and Bad Economics from Paris to the Pampas
book

Dice Have No Memory: Big Bets and Bad Economics from Paris to the Pampas

by William Bonner
April 2011
Intermediate to advanced
352 pages
7h 37m
English
Wiley
Content preview from Dice Have No Memory: Big Bets and Bad Economics from Paris to the Pampas

Chapter 6

The Zombie State: When Government Fails

Wealth, Poverty, and Blithering Idiots

September 9, 2005

Politicians and bureaucrats are being wrongly blamed for the New Orleans debacle.

“When government fails,” is also the headline of The Economist’s latest piece on the subject. So great was the failure of government, according to The Economist, that it has resulted in “The shaming of America.”

French citizens thought their government should have mounted its own rescue operation—pulling U.S. citizens out by helicopter as it had airlifted out French nationals during recent insurrections and civil wars in Africa.

British papers are appalled; they thought America was a civilized place.

Cuba offered disaster relief. So did Iran, and Honduras, the poorest country in Latin America.

The head of FEMA—a Bush appointee—was described by Maureen Dowd, who ought to know one when she sees one, as a “blithering idiot.” The Economist suggests—attributing it to “Bush supporters”—that New Orleans Mayor Nagin, who is black, “proved more adept at berating the federal government than at implementing the city’s pre-prepared emergency plan.” And of course, Bush himself has been portrayed as lackadaisical, incompetent, uncaring, and stupid. The debate is about which officials—federal, state, or local—are the most incompetent.

Here, uncharacteristically and quixotically, we rush to defend our public officials as we would rush to the aid of a drunk trying to find his car keys.

First, we begin our defense ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

Read now

Unlock full access

More than 5,000 organizations count on O’Reilly

AirBnbBlueOriginElectronic ArtsHomeDepotNasdaqRakutenTata Consultancy Services

QuotationMarkO’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
QuotationMarkI wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
QuotationMarkI’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
QuotationMarkI'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Mark W.
Embedded Software Engineer

You might also like

Debunkery: Learn It, Do It, and Profit From It—Seeing Through Wall Street's Money-Killing Myths

Debunkery: Learn It, Do It, and Profit From It—Seeing Through Wall Street's Money-Killing Myths

Lara Hoffmans, Ken Fisher
Mobs, Messiahs, and Markets

Mobs, Messiahs, and Markets

Will Bonner, Lila Rajiva

Publisher Resources

ISBN: 9780470640043Purchase book