It was probably the largest public works project in history, and a distinctly American one. By it’s conclusion 46,000 miles of road had been constructed and nearly half-a-trillion dollars spent.
We’re talking about the Eisenhower Interstate Highway system. And by the time it was completed we could travel anywhere, anytime, in our beloved automobiles.
But the dream of the open road has since turned into a nightmare. Now, the average American uses nearly 500 gallons of gas per year. That’s three times as much as their European counterparts.
While other countries rely heavily on expansive rail systems only 5% of U.S. workers currently use public transport to get to work.
At Fast Money we think it’s time for capitalism to step in where Congress has failed and solve the mass transit mess.