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:
“I’ll sing you a new ballad, and I’ll warrant it first-rate,
Of the days of that old gentleman who had that old estate;
When they spent the public money at a bountiful old rate
On ev’ry mistress, pimp, and scamp, at ev’ry noble gate,
In the fine old English Tory times;”
—Charles Dickens (1812–1890)
“Oh, a capital ship for an ocean trip,
Was the Walloping Window Blind;
No gale that blew dismayed her crew
Or troubled the captain’s mind.”
—Charles Edward Carryl (1841–1920)