Tuesday, May 28, 2019

Trump Does Not Need Congress to Rebuild the Nation's Infrastructure

Corporations and private investment funds have amassed trillions of dollars over the course of the Trump economy, and they're looking to invest in infrastructure that offers low-risk and decent long-term returns on investment.

There is no imperative for the government - federal, state or local - to finance and maintain revenue-producing infrastructure projects when private capital is available.

There's no need to persuade a truculently hostile Congress to pass the infrastructure bill and no need for Congress's consent to facilitate private ownership of new projects - conceptually, there is no difference between private ownership of a hotel, a power plant, or a bridge.

Flexibility, because the new private infrastructure would, in many instances, supplement the existing public infrastructure, not replace it.

The chief obstacle to privatizing is an ingrained quasi-socialist mentality, making state and local governments the principal owners of the nation's infrastructure.

The opponents of privatization may recite the dreams of government-financed infrastructure but they need to cope with a prose of reality.

The government does not have to build more infrastructure; the government must let capitalism build more infrastructure.


https://www.americanthinker.com/articles/2019/05/trump_does_not_need_congress_to_rebuild_the_nations_infrastructure.html

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