Rod Kapunan, 10 April 2021
Many are speculating whether the US has the budget to sustain the cost for the long-delayed rehabilitation of America’s infrastructure. It was announced it will cost the Biden administration a whopping $2 trillion to undertake the repairs of the country’s mostly aging infrastructure.
As observed, the US economy is saddled with great contradictions. It is deeply mired in debt that it cannot just do all things at the same time. Some say the problem is for the US economy to undergo some kind of economic metamorphoses, similar to what China did to overcome the obstacle inherent in the US system.
One must remember that the greatest enemy of the US is the contradiction from within its own system. The US is hampered in what Marx says “internal contradictions” – that the interest of the various pressure groups could stymie most of its objectives. Continue reading “Article: Can the US compete?”
