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Wednesday, April 14, 2010

Reform? No. Rebuild!

Reform? No. Rebuild!

Dear Friends:

There is always talk about "reforming." Yet, when there is an inherent flaw in the underlying mechanism of a system, and institution or a device, "reforming" it may be rather like putting a band-aid on cancer.

It might be like that beautiful victorian-era "fixer-upper" home that you purchase for a mere (mere?) $90,000.00, but which ends up costing you an additional investment of $910,000.00 in "improvements" to make it as habitable as a home that you could have bought brand new for $350,000.00 -- you might have done better to have bought the old victorian, plowed it down, and had a brand new house built.

Patch jobs are invariably more expensive than fixing the real problem. Worse, eventually the patch jobs just stop holding. Why keep polishing a turd? Why perfume the garbage bag?

Sometimes it's best to rebuild from scratch.

It is tough. It requires a re-evaluation. It requires new approvals....

But when you've built it afresh, it will stand strong for a long time with proper care, monitoring and maintenance.

Did anyone mention GICBC?

Faithfully,

Douglas Castle

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