The excellent recent postings by my colleague Andy Felts are doing a fine job of pointing out the crisis our country is facing with its infrastructure. It is a serious problem compounded by our federal deficit, and the very real lack of resources being faced by many of our cities, counties and states.
The Chinese ideogram for “crisis” is made up of two characters – “danger” and “opportunity.” One facet of resilience is finding the opportunity in a crisis. When we talk about the state of our infrastructure we tend to stress the dangers – especially when talking to politicians. We will eventually fix our infrastructure. We may do it in a deliberate and planned manner, or in response to more incidents like the bridge collapse in Minneapolis. In other words, on either a “pay me now,” or a “pay me [more] later” basis.
But if we proceed wisely to repair and rebuild our infrastructure, I see real opportunities that are too often overlooked. Here in the US, by using better materials, building in better locations, using sensors to allow us to know the conditional status of our infrastructure at almost any point in time, we can again make our infrastructure a competitive advantage. Investments like these will reduce maintenance costs, provide greater safety, and allow us an extended life for what we rebuild.
And the use of these same new technologies can also spark real economic growth from foreign buyers. The infrastructure in much of the newer developed world (esp. what Thomas Barnett calls the “new core” – Brazil, India…) though younger than ours – is built on the American model, with American ideas. If we can push to make good investments and solve our own problems soon, the solutions we develop will provide economic opportunities for us as countries in Latin America, Asia and elsewhere begin to face the same challenges we are now. American firms can once more be in the forefront of rebuilding the infrastructure of the world.
Certainly we should stress the dangers when talking about our infrastructure crisis. However, we should also stress the opportunities inherent in dealing with those dangers. We should not allow our current fiscal mess to prevent us from investing in ourselves in ways that will provide a huge return on that investment.



