Sunday, September 27, 2009

But surely, the tsunami offers no silver lining. And yet, I was surprised to hear the Institute for International Economics’ C. Fred Bergsten (known affectionately as "See Fred" for his high public profile) the morning of December 29th on National Public Radio’s Morning Edition explain how this crisis would actually provide long-term benefit to that region of the world.

Bergsten said:

"Like any disaster, you get negative effects through destroying existing property and people’s health, but you do get a burst of new economic activity to replace them, and on balance, that generally turns out to be quite positive.

"Over time, properties that have been destroyed will be fully replaced, and probably by better and newer substitutes, so at the end of the reconstruction process, the countries will probably be wealthier."

Click here to read the rest of the article.

Maybe this could apply to broken lives, broken hearts.

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