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:
“We can teach prevention. For little kids, the best protection is that they should not be alone in public places. All children should be conscious of strangers, and be discriminating and wary of them. This won’t make them grow up suspicious as long as they have adults around whom they know and can trust: relatives, friends of their parents, parents of friends.”
—“How Parents Can Talk to Their Kids,” Newsweek (January 10, 1994)
“Like cellulite creams or hair-loss tonics, capital punishment is one of those panaceas that isn’t. Only it costs a whole lot more.”
—Anna Quindlen (b. 1952)