05 Feb '12, 2pm

Why climate change will make you love big government

Why climate change will make you love big government

One can trace the origins of state participation in the economy back to at least the founding of the republic: from Alexander Hamilton’s First Bank of the United States, which refloated the entire post-revolutionary economy when it bought otherwise worthless colonial debts at face value; to Henry Clay’s half-realized program of public investment and planning called the American System; to the New York State-funded Erie Canal, which made the future Big Apple the economic focus of the eastern seaboard; to the railroads, built on government land grants, that took the economy west and tied the nation together; to New Deal programs that helped pulled the country out of the Great Depression and built much of the infrastructure we still use, like the Hoover Dam, scores of major bridges, hospitals, schools, and so on; to the government-funded and sponsored interstate highway syste...

Full article: http://grist.org/climate-change/why-climate-change-will-m...

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