Let's Spend Now and Worry About Overheating Later

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Economics News

Ireland,Public Investment,Management

The article discusses the need for public investment in Ireland and the broken management of the public realm. It suggests rethinking the way the country is run, starting with the Constitution.

Let’s spend now and worry about overheating later. The stakes are too high for the economics of the 1980s to imperil our 21st century society'We remain insecure, caught in the mentality of squirrelling money away for the rainy day, when all areas of the economy are crying out for public investment.' Photograph: Nick Bradshaw. The idea is that this Republic has run its course and, like the French did in 1958, it’s time to rethink the way we run the country, starting with the Constitution.

The problem with Ireland is management, in particular management of the public realm. The essential nexus where politics meets delivery of services is broken, meaning that we are a rich country which feels poor. Our public services are not anywhere near a level commensurate with our wealth and the ability of the State to direct policy appears compromised by vested interests and institutional inertia.to do things, rather than a rich country, confident that it can achieve remarkable feat

 

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