2012-07-30

Liberal Economics: It's All About Infrastructure

What is this obsession on the left with fricken roads and bridges? As if infrastructure is a means to an economic end.

That's not the worse of what this commercial attempts to sell.

Elizabeth "Paving Roads You Didn't Build With Wolves and Tears" Warren chooses to make her point by encouraging America to look to communist China.

Comparing the U.S. to China is like comparing Sweden to England during the Industrial Revolution. One country has a lot of  "catching up to do." It's only natural China, like Sweden before them, will open the purses for things America already has in place.

The U.S. should be looking elsewhere.

Why not, I don't know, propose shoving money in new technologies? Why always in old, mature (and sometimes failed or losing) industries where the benefit is usually a "one shot deal?"

It's stale stuff.

Not saying the government shouldn't be investing in infrastructure. Although I never bought into the notion "roads won't be built without them" logic.

Just wondering why this is a key to economic policy. Enough for them to make a commercial aired during the Olympics.



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