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America the Decrepit: The Trump Plan Won’t Fix the Infrastructure Deficit

America the Decrepit: The Trump Plan Won’t Fix the Infrastructure Deficit The Tacoma Narrows Bridge in Washington State collapsed on November 7, 1940. From Wikimedia Commons 720916 NLFXXX10.1177/1095796017720916New Labor ForumMiller research-article2017 New Labor Forum 2017, Vol. 26(3) 50 –56 America the Decrepit: The Trump Copyright © 2017, The Murphy Institute, City University of New York Reprints and permissions: Plan Won’t Fix the Infrastructure sagepub.com/journalsPermissions.nav https://doi.org/10.1177/1095796017720916 DOI: 10.1177/1095796017720916 Deficit journals.sagepub.com/home/nlf John Miller Keywords infrastructure, President Trump, public, investment, economic, stagnation Everyone from Larry Summers, establishment prolonged economic downturn. On cue in 2014, wunderkind economist, to the International nearly six years after the official end of the Great Monetary Fund (IMF) to progressive policy Recession, Lawrence Summers, former Treasury wonks at economic think tanks believes infra- secretary and World Bank chief economist, began structure spending is key to curing what ails the championing what he called the “secular stagna- U.S. economy and other advanced economies. tion” hypothesis. Summers argued that the United Even President Trump promises a $1 trillion States and other industrialized economies have infrastructure program as a key part of his plan been suffering for more than two decades from a to make the U.S. economy great again. chronic lack of demand—a shortfall of both pri- A $1 trillion infrastructure http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png New Labor Forum SAGE

America the Decrepit: The Trump Plan Won’t Fix the Infrastructure Deficit

New Labor Forum , Volume 26 (3): 7 – Sep 1, 2017

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Publisher
SAGE
Copyright
© 2017, The Murphy Institute, City University of New York
ISSN
1095-7960
eISSN
1557-2978
DOI
10.1177/1095796017720916
Publisher site
See Article on Publisher Site

Abstract

The Tacoma Narrows Bridge in Washington State collapsed on November 7, 1940. From Wikimedia Commons 720916 NLFXXX10.1177/1095796017720916New Labor ForumMiller research-article2017 New Labor Forum 2017, Vol. 26(3) 50 –56 America the Decrepit: The Trump Copyright © 2017, The Murphy Institute, City University of New York Reprints and permissions: Plan Won’t Fix the Infrastructure sagepub.com/journalsPermissions.nav https://doi.org/10.1177/1095796017720916 DOI: 10.1177/1095796017720916 Deficit journals.sagepub.com/home/nlf John Miller Keywords infrastructure, President Trump, public, investment, economic, stagnation Everyone from Larry Summers, establishment prolonged economic downturn. On cue in 2014, wunderkind economist, to the International nearly six years after the official end of the Great Monetary Fund (IMF) to progressive policy Recession, Lawrence Summers, former Treasury wonks at economic think tanks believes infra- secretary and World Bank chief economist, began structure spending is key to curing what ails the championing what he called the “secular stagna- U.S. economy and other advanced economies. tion” hypothesis. Summers argued that the United Even President Trump promises a $1 trillion States and other industrialized economies have infrastructure program as a key part of his plan been suffering for more than two decades from a to make the U.S. economy great again. chronic lack of demand—a shortfall of both pri- A $1 trillion infrastructure

Journal

New Labor ForumSAGE

Published: Sep 1, 2017

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