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Tuesday, August 07, 2007

Political Incentives


A Bridge Too Far Gone
By Thomas Sowell

"It took a collapsing bridge in Minnesota to alert people across the country to the fact that many other bridges in many other places have been allowed to deteriorate without adequate maintenance.

If this were just a matter of poor political leadership at various levels of government, we could at least hope for better leaders in the future. But the problem goes deeper than that.

It is not just the people but the incentives that are responsible for the neglect of infrastructure, while tax money is lavished on all sorts of less urgent projects.

In other words, when there is a complete turnover in political leaders over time, the same problem will remain because the same incentives will remain when new leaders take over.

Some people claim that the problem is how much money it would take to properly maintain bridges, highways, dams and other infrastructure. But money is found for other things, including things far less urgent and some things that are even counterproductive.

The real problem is that the political incentives are to spend the taxpayers' money on things that will enhance politicians' chances of getting re-elected."

Finish reading this worthy commentary. Term limits anyone? We have politicians. Now we need statesmen.


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