Quotes About Underinvestment

A central thesis of chapters 2 and 3 is that market failures—and the failure of government to circumscribe them—play a key role in explaining inequality in America. At the top there are rents (such as monopoly rents); at the bottom there is underinvestment in human capital. Hidden subsidies that distort the market and rules of the game that give an upper hand to those at the top have compounded the problems.

As proud as we are of this city and as extraordinary as it is, all of south Louisiana and all of the Gulf Coast is a very special place, and the federal government has underinvested in it year after year after year, whether it's education or health care.