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 candidate tells us we are the “backbone of the State,” and we know that it is true, not because we are possessed of certain endowed virtues, but because we are a majority and have the vote.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)
“Bob, it’s the second night of violence in this normally quiet, yet generally swinging, Casino Capital of the East.”
—John Guare (b. 1938)