Connect with us

Hi, what are you looking for?

Oracle of  Omaha Says – Investing and Stock NewsOracle of  Omaha Says – Investing and Stock News

Economy

Highway Heist: The Development of America’s Road System

Reprinted from the Independent Institute

James Bennett’s new book, Highway Heist, offers readers an excellent history of the politics and economics behind the development of the nation’s transportation network. When one reflects on the many activities undertaken by the government, the nation’s network of roads looks like one of the more productive government activities. Yet Bennett shows that the construction of roads has often been controversial and that interest group politics has played a significant role in determining whether they would be built and where they would go.

Readers interested in infrastructure issues will find the book very informative. Bennett offers readers a rich historical background, even going back to the nation’s founding. The book is loaded with facts and case studies. While a book on infrastructure could be dry reading, Bennett is a good writer who will engage readers. The text reads like a good story.

The debate on the appropriate role of government in the development of roads began early in the nation’s history. Thomas Jefferson and John Quincy Adams advocated expanding government’s role in infrastructure development, while Andrew Jackson was opposed and even questioned whether the federal government’s involvement in road building was constitutional.

Beginning in the 1880s, bicycle enthusiasts joined those who promoted horse-drawn transportation in advocating for better roads. The growth in automobile travel fed that demand even more, and the US highway system promoted by FDR was a prelude to Eisenhower’s interstate highway system that was initiated in the 1950s.

The interstate highway system, a remarkable public works achievement, was costly in many ways. Beyond the money spent, new highways destroyed neighborhoods. They displaced more than a million Americans, often forcibly by using eminent domain to obtain right-of-way. Cronyism and corruption usually determined where highways would be built and who would get the contracts to build them.

The nation’s highway network brought suburbanization and traffic congestion. It sparked a backlash against a system that critics argued was poorly planned and filled with boondoggles, waste, and incompetence. You can see the roads. Bennett shows you the politics behind them, and the picture often is not pretty.

The history, the anecdotes, and the many facts make this book worthwhile, and the engaging writing style makes the book a fun read. If you have any interest in the topic, this book is worth your time.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Tele2 AB today announces a new partnership with security experts EBS to deliver a secure and managed IoT connectivity solution. Tele2 will support EBS...

    Investing

    Anyone who has filled up the tank of their car this year will be aware of the rollercoaster ride that the price of oil...

    Latest News

    Sen. Patrick Leahy “was not feeling well” on Thursday and was admitted to the hospital overnight for observation, his office said in a statement....

    Latest News

    Joe Manchin is forcing Democrats into a brutal choice: Take a deal now to lower the costs of health care premiums and prescription drugs,...

    Disclaimer: Oracleofomahasays.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 Oracleofomahasays.com