Tuesday, May 21, 2013

How America Became a Third World Country | Alternet

How America Became a Third World Country | Alternet
"Robust public investment had been a key to U.S. prosperity in the previous century. It was then considered a basic part of the social contract as well as of Economics 101. As just about everyone knew in those days, citizens paid taxes to fund worthy initiatives that the private sector wouldn’t adequately or efficiently supply. Roadways and scientific research were examples. In the post-World War II years, the country invested great sums of money in its interstate highways and what were widely considered the  best education systems in the world, while research in well-funded government labs led to inventions like the Internet. The resulting world-class infrastructure, educated workforce, and technological revolution fed a robust private sector."

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