Wal-Mart to the Rescue: Private Enterprise’s Response to Hurricane Katrina
By Steven G. Horwitz
This article appeared in the Spring 2009 issue of The Independent Review


Wal-Mart delivered truckloads of supplies, including free prescription drugs, to those devastated by Hurricane Katrina almost immediately after the storm passed, rather than in the days—in some cases weeks—that it took government agencies to provide relief. The fundamental reason for such superior performance is that private ownership and the price system give competitive firms stronger incentives and better information on which to act quickly and flexibly during disasters.

Other Independent Review articles by Steven G. Horwitz
    Winter 2013   The Reality of the Wartime Economy: More Historical Evidence on Whether World War II Ended the Great Depression
    Winter 2009   Fascism: Italian, German, and American
    Summer 2001   From Smith to Menger to Hayek: Liberalism in the Spontaneous-Order Tradition
[View All (5)]

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