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Thursday, June 18, 2009

Fixing Wall Street (and other things)

Blueprint for Fixing a Broken System

If something exists, it must be possible.
--Amy Lovins

After decades of ineffective band-aid's, senior government officials finally "bit the bullet" and commited to a long-term fix.

First, they came up with a design that would meet 21st-century needs. Then they raised enough capital to overhaul the old, antiquated system, and implement the new one. Finally, acting on the public's behalf, key politicians stood up to special interests who didn't want to see the status quo changed.

Sounds like a blueprint for fixing Wall Street and the financial system, right?

Actually, it describes the $300 million, 35W/Hwy 62 Crosstown Project in South Minneapolis, currently in-progress and due to be completed by the end of next year. (If infrastructure's your thing -- and even if it's not -- it's hard not to be impressed by the project's sheer scale and rapid progress.)

The "officials" in question were Minnesota state and local lawmakers. Before the project could begin, dozens of private homeowners had to be bought out and relocated.

Maybe somebody on Wall Street -- or in Washington -- should take note . . .

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