Public Capital - Social Benefit

Social Benefit

Beyond economic performance, public capital investment yields returns in quality of life indicators such as health, safety, recreation, aesthetics, and leisure time and activities. In example, highways provide better access and mobility for increased discretionary time and recreational outlets; mass transit can improve air quality with reduced number of private vehicles; improved municipal waste facilities reduces toxic groundwater contamination and better green space aesthetics such as parks; expanded water facilities aids in health and sanitation and environment such as reducing odor and sewer overflows. Furthermore, infrastructure adds to community ambience and quality of place with livelier downtowns, vibrant waterfronts, efficient land uses, compact spaces for commerce and recreation.

On the contrary, inadequate public capital impairs quality of life and social well-being. Over-capacity landfills lead to groundwater contamination, having deleterious effects on health. Deficient supply and quality of mass transit services impacts transit-dependents on their access to opportunity and resources. Increasing congestion in airports and roadways causes loss of discretionary time and recreational activities. The lack of efficient U.S. freight and passenger rail service will neither aid in handling the “perfect storm” of environmental and energy sustainability nor meet the global competitive need of transporting goods and services at heightened speeds and times. Also, the continued loss of footing in clean energy technology will contribute to U.S.’s future loss of prosperity on the global stage in terms of the carbon footprint and economy.