The recent Abundance movement on the left argues strongly that progress has been held back by over regulation and bureaucratic processes.
replyDoes it? I’ve seen Ezra Klein talk about his book and he talked about how bureaucracy is frequently a scapegoat for getting things done. Europe is very bureaucratic yet is able to build. The issue he called out is red tape yes but more so litigation by the private citizen. That any individual can stop an apartment being built because it blocks morning light into their flower bed
reply> People lauding Chinese expediency in the context of industry and construction often don't realize it's almost entirely enabled by extreme underregulation and underenforcement of industrial safety standards
replyKind of like Tesla's latest factories, or DR Horton building homes with massive problems from day 1?
Or Silicon Valley being a collection of superfund cleanup sites?
Or just the environmental pollution, in general, in Texas?
No one has figured out how to balance growth with safety. Ideally it shouldn't be hard, the total amount of money saved is pennies compared to the overall investment, but making everyone follow the rules via regulations ends to being a huge cost and time multiplier.