"The metro area lost over 140,000 people, the city itself over 100,000. Thousands of elderly and displaced people (were affected)."
"Affordable housing" is in short supply. Poor and low income people were most affected.
Supply shortages affect schools, medical care, jobs, public assistance, and affordable housing. Three-fourths of public apartments were gone.
Billions of dollars in promised aid never came. Funding instead went for luxury hotels, casinos, private clubs, the oil industry, and gentrification.
Post-Katrina New Orleans metaphorically represents the worst of disaster capitalism. Will New York and other Sandy-impacted areas be next?
Post-Katrina, the right-wing Heritage Foundation promoted predatory "free-market" ideas. They included:
- suspending Davis-Bacon Act law; it guarantees prevailing wages on federally funded or assisted construction projects;
- make flood-ravaged areas free-enterprise zones; let corporate predators exploit exploit them for profit;
- make the entire region a deregulated, tax-incentivized economic competitiveness zone;
- free capital gains and dividends from taxes for two years;