MainLine Peace Action/DelMont PDA

August 9, 2010

Private Affluence, Public Squalor

Filed under: Uncategorized — Tags: , , , , — Walter Ebmeyer @ 7:17 am

John Kenneth Galbraith railed against private affluence and public squalor years ago.  Now our legislatures are mandating public squalor at unprecendented levels – street lights turned off, bridges not maintained.  Our favorite economist, Paul Krugman, has a column about this today.  The problem is of course lack of funds to maintain the infrastructure.  To some extent that shortage is due to excessive military spending – see www.25percentsolution.com – and to some extent it is caused by a failure to properly tax the wealthy since the days of George W. Bush.  We are increasingly living in a third world country.

http://www.nytimes.com/2010/08/09/opinion/09krugman.html?_r=1&ref=opinion