Tuesday, February 14, 2017

Michael Hudson on Trump's infrastructure plan

Trump's Infrastructure Plane=Developer Welfare 
"So I think Mr. Trump wants to turn the U.S. economy into the kind of real estate development that has made him so rich in New York. It will make his fellow developers rich, and it will make the banks that finance this infrastructure rich, but the people are going to have to pay for it in a much higher cost for transportation, much higher cost for all the infrastructure that he’s proposing.
So I think you could call Trump’s plan “public investment to create private profit”. That’s really his plan in a summary, it looks to me."

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