After the criticism of his disastrous handling the Katrina disaster, President George Bush promises a reconstruction programme of $200bn for areas destroyed by the hurricane. But the first and biggest beneficiaries will be businesses that specialise in profiting from disaster, and have already had lucrative contracts in Iraq; they will gentrify New Orleans at the expense of its poor, black citizens. Analysis by Mike Davis, author of "City of Quartz", "Ecology of Fear", and other critical works.