Yeah, political opinions based on “regulations always good” or “regulations always bad” are lazy and unhelpful. For one, it ignores that many regulations are written for the express purpose of manufacturing or solidifying a monopoly.
And NIMBY land use policies really are just a textbook example of regulatory capture. Homeowners, who expect their homes to perpetually increase in value, lobby their local governments to manufacture an artificial scarcity of housing so as to drive their property values to the moon. All of this at the expense of renters and new home buyers.
Imo, we should all be trying to form nuanced political opinions where we judge policy on whether it’s good policy or not.
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Yeah, political opinions based on “regulations always good” or “regulations always bad” are lazy and unhelpful. For one, it ignores that many regulations are written for the express purpose of manufacturing or solidifying a monopoly.
Regulatory capture
And NIMBY land use policies really are just a textbook example of regulatory capture. Homeowners, who expect their homes to perpetually increase in value, lobby their local governments to manufacture an artificial scarcity of housing so as to drive their property values to the moon. All of this at the expense of renters and new home buyers.
Imo, we should all be trying to form nuanced political opinions where we judge policy on whether it’s good policy or not.