The market isn’t perfect. It’s a system kinda predicated on failures. As capital in the hands of the incompetent isn’t used to it’s potential, that capital will flow to it’s best use.
However, some of the failures are mind boggling.
Authorities began investigating when a number of inhabitants of Anderslov complained that their hair suddenly turned green, Swedish newspaper Skanskan reported.
They tested the water supply in several homes to see if there was a high level of copper — known to turn hair green — but recorded only normal levels of the metal.
However, when hot water was left in the houses’ water systems overnight, the amount of copper in it was found to increase to five or 10 times the normal amount.
Investigators concluded that the hot water must have peeled copper from the pipes and water heaters. The copper then was absorbed into the water, causing the shock hair color change when residents showered.
The problem was found to be worst in new homes, where pipes lacked coatings.
Now, we can get into the benefits of state mandated housing regulations or private managed regulating agencies. Either way, the solution to the copper in the water problem can’t be this:
Residents were told wash their hair in cold water or live in an older house to avoid the problem.