There is a consensus among economists that a precondition for higher growth is higher levels of investment, which can be effectively stimulated by state intervention.
An increase in public investment not only enhances the economy's capacity through better infrastructure, but also stimulates private investment and overall business activity.
After decades of free-market ideology arguing against public investment, it's clear that the multiplier effects are significant, especially in recovery periods after austerity.
The historic examples of public investment leading to economic growth are compelling, as seen in post-war Europe and the rapid development of Asian economies.
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