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The discussion surrounding this is a never ending source of amusement. Ezra says "please just let the government build shit and stop getting in the way", and then leftists say "what do you mean? I'm not getting in the way? but also, did you stop to consider... [words words words]" It's beyond parody. I'm impressed they don't ever see the irony.
If there's one thing the leftists get right, it's that this is a political nonstarter. The whole reason they're in this mess in the first place is that populists are fundamentally opposed to progress. Populists want handouts and they want their enemies destroyed. Higher principles are of no particular interest. And the Dem coalition is only getting more and more populist in the wake of Biden's presidency, despite its legislative successes, failing to build anything or deliver real results for the poor and stupid and over-socialized -- a case that Ezra made quite well in his book. Leftists look at Trump and don't think there's anything particularly wrong with having a retarded president (and why would they? they tried non-retards and got no handouts and no enemies destroyed), they just wish it was their retard.
Can we really blame the average left-leaning voter for feeling this way? It wasn't given a name until recently, but this whole "housing theory of everything" idea has been floating around in wonky circles for at least 15 years now and totally ignored by Dem lawmakers. People have been griping about the cost of housing since the Occupy protests. Obama could have, in the popular imagination, been the president who builds instead of the president who bailed out wall street, if he were so inclined and better advised, but it wasn't on his radar in the slightest. In what sense do Dems deserve the mantle of technocrats when they're so behind the game? Being right in this case doesn't really matter when the median voter can barely read.
The Discourse around Abundance has truly been something to behold. It's hard not to nutpick about this stuff. On the plus side, some politicians really are taking it seriously, not by saying "Abundance!" really loudly, but by trying to refocus on outcomes over process; see Buffy Wicks' permitting reform report; among other things, it's behind some of the CEQA streamlining that's been taken up by the governor.
I agree that running on permitting reform and streamlining and bottlenecks isn't a political winner; voters aren't nerds, if anything, they're the opposite. But voters notice when nothing works, when CAHSR doesn't ever happen, when housing just gets more expensive, when medical costs keep rising, when college is stupidly expensive and even if you don't want to go now everyone's whining that they want you to pay back their loans.
So, the left is very happy to point out that populist red meat sells better than wonkish problem-fixing. But as that essay I linked at the bottom of the original post says, "Criticism is all well and good, but at some point you have to build something." My theory of the 2024 election is (a) everyone hated high prices and blamed the incumbent parties for them, and (b) the Democrats tried to tack to the center, but the disengaged voters who decided the election didn't believe them. Demonstratively yelling about taxing the rich and guillotining the oligarchs isn't going to fix that.
If I may indulge, I note that a "suggested article" linked to from the above is "A Different 'Abundance Agenda': Avoiding Delusions and Diversions", from Robert Jensen, previously famous for other far-left things.
The text of the article is detailed about "less", but is coyly silent about "fewer". Like many critics, he seems not to have read the book beyond the title, but he does propose an alternative.
A cheap shot suggests itself. ("You know, somebody said, ‘Oh, the shelves are going to be open.’ Well, maybe the children will have two dolls instead of 30 dolls. So maybe the two dolls will cost a couple bucks more than they would normally.") Horseshoe Theory is real.
But on a serious note, when I see this kind of thing, I hear my ancestors screaming from beneath pails of water and bales of hay and endless subsistence-farming toil, and I wonder to what degree the women of the Hill Country, pre-electrification, would agree with Jensen.
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right wing housing theorem of theory sounds a bit like high housing prices suppress TFR and this leads to an increase in immigration in order to maintain high housing prices. not sure if the data is consistent with that. i guess left wing housing theory of everything wouldn't include immigration but include inequality and some other left wing focused issues.
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Honestly, it’s a species of hyper normalization. We know they can’t fix it, they know that we know they can’t fix it, but what’s the alternative? Vodka I suppose. And it does go beyond housing. It’s education— billions spent, and English majors struggling to read book. It’s health— where obesity is normal, and any hospital stay requires a GoFundMe.
Solutions are out there. One I think might make a difference is to forbid corporations from buying houses, and limit how many houses an individual can own. This would at least prevent Blackrock from buying up SFHs the minute they go on the market to turn into a rental property.
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The thing about housing is that, except for the interests of existing homeowners (about the only thing that gets negative publicity), nearly everything blocking it is supported more by the Democrats or has been for most of its existence. Zoning and building codes, unions and labor laws, urban growth boundaries, environmental considerations, affordable housing mandates, etc. This makes it very hard for Democrats to build housing because the only problem they can see is "existing homeowners".
You're being too charitable; consider Sam Seder, who isn't that far to the left, being constitutionally incapable of blaming anything other than corporations and billionaires for high housing costs. This is how you get left-NIMBYs tying themselves into weird knots, like blaming Blackrock (which owns something like 0.1% of single-family homes) or asserting that we don't need more supply, because there are fewer homeless people than vacancies, or because all of those houses are secretly being kept empty by "speculators".
Vaheesan:
This is the kind of equivocation I was talking about. ("Public power" in this case doesn't mean elected officials doing things, but rather the power of individuals to block the entire process.) When the only tools you have are taxing the rich and breaking up big companies, every problem looks like oligarchs and monopolies.
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Yep, Abundance holds up a mirror to Democrats and many don't like what they see. A lot of their assumptions about governance and economics has be thrown out to accept its thesis. That's why there's so much nitpicking about political strategy and messaging efficacy and never any criticism of its actual prescriptions. Moreover, the existing homeowners (the much maligned NIMBY liberal) are usually moderate Democrats, so they make a good villain for leftists to blame. Meanwhile, The Groups are mostly leftist sinecures and axe grinders, making a good villain for technocrats to blame. Cue internecine conflict.
I think if COVID lockdowns had not tanked the credibility of technocrats everywhere, there would be enough trust that this agenda could get motion. Unfortunately, that's not the world we live in. It's almost absurd we live in this reality where we have such boundless wealth and nothing but frivolities to spend it on, where "We need more houses? OK, let's build more houses" and "We need more energy? OK, let's build more solar/wind farms" faces such extreme and multi-pronged resistance, but so it is. Put another trillion into NVIDIA. Perhaps God can save us from ourselves.
The reason is that it's not actually wealth, it's all debt. It's all people running away from debasement and trying to get decent interest to avoid value being destroyed.
So collapsing the ridiculous real estate prices by making them real is out of the question. And everyone, including the government, is locked in the line-go-up suicide pact because if you stop, you get a singularity where anything might happen. So we just manage decline and plug the holes with anything that is at hand.
God's coming alright, but he tends to take his sweet time, and you're not going to like the hangover when he does. Nobody will.
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