One of the core barriers to economic prosperity in California is the price of housing. But it doesn’t have to be this way. Policies designed to stifle the ability to develop land are based on flawed premises. These policies prevail because they are backed by environmentalists, and, most importantly, because they have played into the agenda of crony capitalists, Wall Street financiers, and public sector unions. read more »
I’ve noticed so often that urbanist policy suggestions or case studies are treated as universals. That is, with a presumption that a good idea or policy can be replicated pretty much anywhere. Clearly, there are a number of items like bike lanes and trails that would appear to be widely applicable, and for which the best practice standards would appear to work without much modification in most places. On the other hand, this isn’t true of everything. read more »
As they face the midterm elections with the wind in their faces, Democrats increasingly stake their collective political future on the issue of inequality. The topic has great resonance, given the economy’s vast preponderance of benefits to the very rich and the almost obsessive focus on the issue by the mainstream media. read more »
Obviously states aren’t going anywhere anytime soon, but a number of folks have suggested that state’s aren’t just obsolete, they are downright pernicious in their effects on local economies.
One principal exponent of this point of view is Richard Longworth, who has written about it extensively in his book “Caught in the Middle” and elsewhere. Here’s what he has to say on the topic: read more »
Silicon Valley’s biggest names—Google, Apple, Intel and Adobe—reached a settlement today in a contentious $3 billion anti-trust suit brought by workers who accused the tech giants of secretly colluding to not recruit each other’s employees. read more »
Over the past five years, the millennial generation (born after 1983) has been exercising greater influence over the economy, society and politics of the country, a trend that will only grow in the coming years. So far, they’ve leaned Democratic in the voting booth, but could the lousy economic fate of what I’ve dubbed “the screwed generation” lead to a change? read more »
The ongoing trial involving journalist Mark Steyn – accused of defaming climate change theorist Michael Mann – reflects an increasingly dangerous tendency among our intellectual classes to embrace homogeneity of viewpoint. read more »
Why is it that some nations, such as Switzerland, respond quickly to the need for reform – improving railroads, health care systems and schooling – even before the systems break down? And why do other nations, such as Italy and France, wait until major crises are upon them before introducing institutional change? Some, such as Daron Acemoglu and James Robinson, take a deterministic stance. The acclaimed writers of Why Nations Fail believe that cultural and geographical differences, or even historical accidents, put countries on to different trajectories of institutional development which are more or less conducive to growth. Although clearly relevant, this view is incomplete. read more »
Given the quality of leadership in Washington, it’s not surprising that many pundits are shifting focus to locally based solutions to pressing problems. This increasingly includes many progressives, who historically have embraced an ever-more expansive federal government.
In many ways, this constitutes an extraordinarily positive development. Political decentralization is built into the very framework of American democracy, as Alexis de Tocqueville, among others, recognized. read more »
I’ve written extensively about American presidential elections, trying to understand the nature of Democratic success in 2008 and 2012. Many pundits use these elections and changing demographics and public attitudes to write off the future of the Grand Old Party. But this would be a mistake, because we also know that Republicans have a majority in the House of Representatives and in the state legislatures. They also could well get a majority in the US Senate in 2014. Hardly a death spiral. read more »