EXTRA: In Praise of Maintenance (Update)
Freakonomics Radio
Value Maintenance Over Novelty
The tendency to prioritize new projects over the maintenance of existing infrastructures results in wasted resources and energy, particularly in developing countries. This cycle leads to facilities falling into disrepair shortly after their completion. A similar issue arises in philanthropy, where the focus on initiating new institutions overshadows the critical need for sustaining established ones. This obsession with novelty detracts from the importance of maintaining and improving existing systems, creating a significant challenge in both economic and social contexts.
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