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The work itself will cover a wide field including clearance of slums, which for adequate reasons cannot be undertaken by private capital; in rural housing of several kinds, where, again, private capital is unable to function; in rural electrification; in the reforestation of the great watersheds of the Nation; in an intensified program to prevent soil erosion and to reclaim blighted areas; in improving existing road systems and in constructing national highways designed to handle modern traffic; in the elimination of grade crossings; in the extension and enlargement of the successful work of the Civilian Conservation Corps; in non-Federal works, mostly self-liquidating and highly useful to local divisions of Government; and on many other projects which the Nation needs and cannot afford to neglect.

Franklin Delano Roosevelt#34

PoliticsEconomy

About this quote

What does it mean?
The government must undertake large-scale public works like housing and infrastructure because private capital cannot or will not do them.
In plain terms
The government must build roads, homes, and utilities because private businesses won't.
What can you take from it?
Public works are necessary when private capital fails to act.

Where it applies

  • infrastructure planning
  • economic development
  • housing policy

Putting it to work

  • fund public projects
  • invest in rural areas
  • reclaim blighted areas

Questions to consider

  • When should government step in?
  • What projects truly serve the public?

Another view

Private sector innovation can sometimes solve these issues more efficiently.

More from Franklin Delano Roosevelt

  1. All work undertaken should be useful - not just for a day, or a year, but useful in the sense that it affords permanent improvement in living conditions or tha…

    Permalink to quote #33
  2. It was natural and perhaps human that the privileged princes of these new economic dynasties, thirsting for power, reached out for control over government itse…

    Permalink to quote #35
  3. I am not willing that the vitality of our people be further sapped by the giving of cash, of market baskets, of a few hours of weekly work cutting grass, rakin…

    Permalink to quote #32

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