Topic : Delay
The Cost of Not Putting a Finger in the Dike
For most of the last decade, Chicagoans who worked in the Loop, the booming downtown business district, could easily ignore the city’s budget crisis; Washington’s cutback of aid to cities didn’t seem to hurt business. Last week, they learned one price of neglecting the underpinnings of all that economic growth. A quarter billion gallons of murky Chicago River water gushed into a 60-mile network of turn-of-the-century freight tunnels under the Loop and brought nearly all businesses to a soggy halt.
It turned out that a top city official had known about the leak, but, acting for a cash-strapped government, had delayed repairs costing only about $50,000. The final cost of the damage could run higher than $1 billion.
The Lesson of Munich
The lesson of Munich was: When it is necessary to confront an expansionist dictator, sooner is better than later. As Douglas MacArthur said, in war all tragedy can be summarized in two words, “too late.” Too late perceiving, too late preparing for danger.
