Abstract
Public–private partnerships have withstood the test of time for centuries. Most large infrastructure projects and commercial innovations were brought to life with private investment, labor, and government support. The allocation of private capital with supportive fiscal and tax policies built the agricultural economy, brought about the industrial revolution, constructed the interstate rail and highway systems, developed the water and sewage public works projects that facilitated the development of urban centers, and developed the energy infrastructure supporting the high‐tech, clean energy economy. It is time again for the government to articulate its vision and harness the power of competitive markets to bring that vision to life.
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