Finance And Economics / Free Exchange
America's political landscape is shifting. Recent discourse highlights a growing need for a new approach to governance, focusing on increasing the supply of essential goods and services. This concept, termed 'abundance liberalism,' is gaini...
The concept of 'abundance liberalism' stems from analyses in publications like The Economist, Vox, and Democracy Journal. These articles discuss books like 'Abundance' by Ezra Klein and Derek Thompson, and 'Why Nothing Works' by Marc Dunkelman, which critique the current state of Democratic governance. They highlight how regulations, initially intended to protect the environment or control growth, have inadvertently stifled progress. This includes hindering the construction of new housing, slowing down clean energy projects, and increasing project costs. The shift towards abundance involves streamlining regulations, prioritizing solutions like increased housing density and faster renewable energy deployment. It requires preemption: elevating decision-making to higher, for example, state levels when necessary to break through local gridlock. The recent success of CHIPS and Science Act is also being noted, although with some reserve.
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