Llewellyn King: The Technological Gentrification of Cities

Why no jubilation?

You’d have thought the agreement between House Speaker Nancy Pelosi, D-California, Senate Minority Leader Chuck Schumer, D-New York, and President Trump to spend $2 trillion on infrastructure would cause wild celebration.

Why, then, didn’t the church bells ring out, the fireboats send arcs of water into the air, and the stock of the construction companies, steel producers, asphalt purveyors and paint makers soar? It’s because nobody believed that we have the political coordination — sometimes expressed as political will — to do the deed and find the money.

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