Showing posts with label Infrastructure. Show all posts
Showing posts with label Infrastructure. Show all posts

Tuesday, May 16, 2017

Here's Why Trump's $1 Trillion Infrastructure Plan is Likely to Go Nowhere

by Nomad


Second to None

As a candidate, Trump talked a lot about the sorry state of the US infrastructure. The list was extensive, from roads and highways barely navigable because of potholes to bridges literally rusting away. There were less conspicuous things in desperate need of an overhaul, for example, the electric grid and water systems.
And nobody's denying that America is coming apart at the seams.

The UK Guardian reported only last month:
The most authoritative report of the country’s infrastructure gave the country’s crumbling roads, bridges, dams, schools and other essential underpinnings an overall D+ grade ... Not a single element of America’s framework received an A grade. 
It's a crying shame for the world's wealthiest and most powerful country. Moreover, the long-term neglect has put lives in danger.

Thursday, January 2, 2014

The Truth about Reducing Unemployment: Washington's Silver Line Metro Extension

by Nomad



Exclusive: In theory, there are practical ways to reduce unemployment. In this post we look at the long-awaited Silver Line Metro extension in Washington D.C shows to see if there can be any lessons to learn about the ways the solutions can get de-railed. 

_____________
Back in 1922, a British Labour politician by the delightful name of Frederick William Pethick-Lawrence wrote a small book named Unemployment, in which he laid out the causes for unemployment and possible solutions. He writes:
What is to be done about the unemployable, the lazy and inefficient workers? Punishment is the device to which large numbers of people fly when they are confronted with a human problem for which they can see no other easy solution ; and punishment sometimes active in the form of imprisonment or chastisement, and some times passive in the form of destitution, has been inflicted on bad workers all down history with the avowed object of making them into useful citizens. It has failed, as punishment usually fails, except as an expression of the vengeance of an outraged society.
Punishment and blaming the victim was not a remedy.  Though millions of Americans will see their unemployment benefits run out this month, few people in their right minds think it would do anything to reduce unemployment. It is merely a irrational way to punish people asking for the minimal assistance from the government.

Among the many points he makes, Lawrence concludes there are no easy answers to the problem of unemployment. Preventive measures require a degree of forward thinking not found in most governments. By the time an unemployment problem becomes prevalent, it is, he says, usually too late. As long as nations have booms and busts, there will be cycles of unemployment.

However he does suggest that when unemployment is widespread, it should be seen as an opportunity to overhaul the infrastructure of the country. The costs, Lawrence suggests, would "probably be borne partly by loans to be repaid out of receipts and partly by increased taxation spread over a period of years." 

In other words- gasp!- deficient spending and taxation. And so what, Lawrence says. This kind of relief work shouldn't be considered be wasteful since it would, if well-considered, become part of a larger investment in the nation itself. In both the long term and short term, there would be winners.

So let's take a look at what happened in the US when this solution was attempted. When we look at the one of the largest infrastructure projects - the Dulles Metro Extension- in the nation - the Dulles Metro Extension- we can make some interesting observations.