"Where there is no vision!"
I have often commented to people about how the infrastructure of the first world makes such a great difference in our lives, making us so much more efficient in the use of time. When you need some water to quench your thirst, or wash your hands, you walk over to the faucet and turn the water on, and it flows. Imagine if you had to wake up 2 hours earlier each day in order to collect your daily water requirement?
Infrastructure plays such an important part in order for the economy to tick and move. Not only is infrastructure spending a big part of job creation in the short term, the longer term benefits from having an established infrastructure far out weigh with the number of jobs created, tax Dollars received from the greater earnings and company profits.
Infrastructure is not only building roads and bridges, but also telecommunications etc. Infrastructure is really the essentials needed in order to perform the services or build the products that are needed. Getting them from where they are made to where they are needed.
The question is why is infrastructure spending and development not high on the agenda or priorities of the global governments? It raises the question of the role of the government in the citizens life, the economy and social, moral positions. Governments seem to focus more on the results of business decay, like social benefits rather than the investment into the infrastructure required for tomorrow's economy and the needs of that economy.
We have been coming down from a quantitative easy by the Federal Bank, where they were in effective creating an environment of cheap lending, but they never took advantage of the low rates and high unemployment to build the infrastructure for the future.
As business owners in the economy, how are you preparing for the future?
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