Public capital is the aggregate body of government-owned assets that are used as the means for private productivity. Such assets span a wide range including: large components such as highways, airports, roads, transit systems, and railways; local, municipal components such as public education, public hospitals, police and fire protection, prisons, and courts; and critical components including water and sewer systems, public electric and gas utilities, and telecommunications. Often, public capital is defined as government outlay, in terms of money, and as physical stock, in terms of infrastructure.
Read more about Public Capital: Current State in The U.S., Economic Growth, Social Benefit
Famous quotes containing the words public and/or capital:
“The Indian attitude toward the land was expressed by a Crow named Curly: “The soil you see is not ordinary soil—it is the dust of the blood, the flesh, and the bones of our ancestors. You will have to dig down to find Nature’s earth, for the upper portion is Crow, my blood and my dead. I do not want to give it up.””
—For the State of Montana, U.S. public relief program. Montana: A State Guide Book (The WPA Guide to Montana)
“We make needless ado about capital punishment,—taking lives, when there is no life to take.”
—Henry David Thoreau (1817–1862)