Infrastructure Spending Done RightDavid Levinson | Van Alen Institute
Infrastructure as stimulus spending appeals to politicians and voters because it appears to kill three birds with one stone. Critical infrastructure is repaired or newly constructed, job opportunities are created for the unemployed, and the greater economy is set on a course for growth. But how and where funding is spent can muddle these objectives. Disproportionate federal spending in rural areas over dense, growing cities undermines long-term economic impact, while growth in automation renders hope of mass job creation dubious. Moreover, politicians often prioritize new infrastructure over maintaining our vital network of existing roads, bridges, and railways. David Levinson, transportation expert and professor of civil engineering at the University of Sydney, explores the real impact of infrastructure spending and argues for the priorities that provide greater prosperity over the long term.
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