Woeful Infrastructure Investment

A sobering article in the Wall Street Journal yesterday. The premise is that we are underinvesting in our infrastructure to the point that it will make us uncompetitive. While it’s not apples-to-apples because we’re maintaining while the other countries are developing, here are the comparative levels of infrastructure as a percentage of GDP:

China: 9%
India: 3.5%
U.S.: 0.93%

Note that this is NOT a modal question – this is about roads, transit, water systems, sewer systems, etc. COMBINED. How to allocate it is a different question. The point here is are we investing at the right level?

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