Saving Private Capital
US corporations are sitting on $2 trillion and the public sector is suffering massive budget shortfalls. Yet the Economist can't imagine the two are connected.
The Economist says US corporations are sitting on $2 trillion, the cash remaining uninvested due to a dearth of profitable investment opportunities.
In the same article, it points out that US government investment in infrastructure is among the lowest in the world and reels off a litany of dysfunctions arising from this.
The Economist, which is forever Saving Private Capitalism, suggests that this is “a good time to bring in private money to make up for the lack of public investment.” It calls, in short, for public-private partnerships.
This article is for subscribers only. Please login or subscribe to access our full archives and beautiful print and digital magazine starting at just $3 a month.