DeLong's Grasping Reality: Economy in the 2000s & Before

DeLong's Grasping Reality: Economy in the 2000s & Before

Sourcing þe Energy for NIMBYism, &

2022-06-12 Su

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Brad DeLong
Jun 12, 2022
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FIRST: Sourcing the Energy for NIMBYism

Confer Karl Polanyi: The Great Transformation: The Political and Economic Origins of Our Time <https://archive.org/details/greattransformat0000pola_o9l4>, passim, on how the market economy transforms land into a “fictitious commodity”, and how that then powers a societal reaction against that idea. Nobody believes that the best use of land is the one that passes the maximum profitability test in the eyes of distant rootless cosmopolites. This does not mean that NIMBYism is a sensible reaction. It is not. But it is a guide to where NIMBYism gets its energy:

Addison del Mastro: No Housing Please, We’re a Community: ‘[Andy:] “I think part of what people on the right are reacting to… is the apparent tendency on the left to try and eliminate the layers of society between the individual and the federal government… local institution[s]…. As they have declined so to, I feel, has our sense of community…. NIMBYs sense [this] at a fundamental, almost subconscious level. And so, recognizing a problem but not its underlying cause, they lash out at new development projects in the (in my opinion) misguided belief that they are arresting a further loss of that sense of community.”… This supposition rings very true to me…

LINK:

The Deleted Scenes
No Housing Please, We're a Community
I received a really interesting, insightful comment on a subscribers-only piece from a few weeks ago, on the tension between community and continuity on the one hand, and development and growth on the other. I had mentioned in passing the right-wing meme “I will not live in a pod,” which refers to the supposed notion that liberals want to cram everyone i…
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4 years ago · 7 likes · 3 comments · Addison Del Mastro

Two additional points:

  1. It is not “the left”; it is, rather, “the system” that eliminates all intermediary organizations. The original German phrase in Karl Marx and Friedrich Engels (1848): Manifesto of the Communist Party <https://oll.libertyfund.org/page/marx-manifest#bourgeois> is “Alles Ständische und Stehende verdampft…”—”all that is solid melts into air…”—everything that firmly exists and all the elements of the society of orders evaporate…”—”all traditional estates and status-markers and all fixed patterns are steamed away…” The left and the right do, however, have different reactions to the coming of market society’s steaming away of all intermediary structures and sources of social power that are not based on property rights recognized by the market economy. The left works to moderate market- (and other-)created wealth inequalities and to give individuals equal entitlements based on their status as citizens. The right works to shore up traditional hierarchies, liberties, privileges, and other sources of social power—no matter how unequal and unfair they may be—in a rearguard action against the solvent of the market economy.

  2. It is important to register how bonkers this reaction is. Where a region has become desirable to the wealthy, blocking new development greatly strengthens the forces keeping people of the kinds who used to live there from moving in, and greatly accelerates the pressure on landlords to push those who do not now live there who do not have iron-clad property rights out. Where a region has become undesirable, blocking new infrastructure and retail development accelerates its decline in amenities, and thus eventually accelerates the dissolution of community.

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Very Briefly Noted:

  • Gideon Rachman: Ukraine & the Start of a Second Cold War <https://www.ft.com/content/34481fbd-4ca7-4bb3-bef5-e68fefed7438>

  • Michele Jamrisko: Has Inflation Peaked? Signs Are Flashing in Chips, Shipping, Fertilizer <https://www.bloomberg.com/news/articles/2022-06-06/peak-inflation-signs-are-flashing-in-chips-shipping-fertilizer#xj4y7vzkg>

  • Elaine Weiss (2013): Mismatches in Race to the Top Limit Educational Improvement: Lack of Time, Resources, and Tools to Address Opportunity Gaps Puts Lofty State Goals Out of Reach <https://www.epi.org/publication/race-to-the-top-goals/>

  • Bob Yirka: Making Blockchains More Efficient: Calculate a Useful Task as Part of the Consensus Mechanism<https://techxplore.com/news/2022-06-blockchains-efficient-task-consensus-mechanism.html>

  • William D. Cohan: The SPAC Stars of ’21: Where Are They Now?: ‘SPAC-mania, a consensual hallucination in which everyone, from Ackman to A-Rod, got in on the SPAC craze. It may have been easy to raise all those billions, but it turned out to be much harder to put them to work… <https://puck.news/the-spac-stars-of-21-where-are-they-now/?_cio_id=f6c60600ef33f033>

  • Ed Dolan: Trust, State Capacity, & the Epidemiological Mystery of Covid: ‘Trust played an important role in the response to the COVID pandemic but it finds a larger role for state capacity… <https://www.niskanencenter.org/trust-state-capacity-and-the-epidemiological-mystery-of-covid/>

  • Paul Krugman: The Coming Rage of the Money Hawks <https://www.nytimes.com/2022/05/27/opinion/inflation-prices-stagflation.html>

  • Daron Acemoglu: Understanding the New Nationalism <https://www.project-syndicate.org/commentary/new-nationalism-three-factors-reaction-to-globalization-by-daron-acemoglu-2022-06>

  • Sigal Samuel : Liberia’s Stunningly Effective Way to Reduce Shootings & Other Crimes: ‘The program Borh had been running for 15 years: Sustainable Transformation of Youth in Liberia… <https://www.vox.com/future-perfect/23141405/violence-crime-cbt-therapy-cash-shootings>

  • Mohamed A. El-Erian: Saudi Arabia Is Swinging Again—But for How Long?: ‘Saudi Arabia… regaining its swing-producer role. But, in view of growing hostility toward fossil fuels, this development is unlikely to alter the market’s longer-term dynamics… <https://www.project-syndicate.org/commentary/oil-market-saudi-arabia-swing-producer-role-by-mohamed-a-el-erian-2022-06>

  • Diane Coyle: Rethinking Supply Chains: ‘Other considerations besides economic efficiency matter, and that hands-on craft knowledge cannot be transmitted online. Unfortunately, problems that have been four decades in the making cannot be solved overnight… LINK: <https://www.project-syndicate.org/commentary/rethinking-global-supply-chain-model-by-diane-coyle-2022-06>


Twitter & ‘Stack:

  • Helen Lewis: Terms You Need to Know to Understand the Modern Internet: ’My piece on the “orphan take” went down so well. Current contenders include the mimophant, the euphemism treadmill and pluralistic ignorance. Are there are any concepts that, when you heard about them, made you go “ohhhhhhh” in deep recognition?…

The Bluestocking
The Bluestocking, vol 237
Happy Friday! I’m considering a series on “terms you need to know to understand the modern internet”—since my piece on the “orphan take” went down so well. Current contenders include the mimophant, the euphemism treadmill and pluralistic ignorance. Are there are any concepts that, when you heard about them, made you go “ohhhhhhh” in deep recognition…
Read more
4 years ago · 10 likes · 6 comments · Helen Lewis
  • Ross Barkan: The Jews & Italians Against Liberalism: ‘“They feel the pressure, like everything is fading away,” one local explained. “It’s all in danger: the house you always wanted is in danger, the kids are in danger, the neighborhood is in danger. It’s all slipping away.”… In 1985, the Barnard sociologist Jonathan Rieder published a book that is little-known today. Canarsie: The Jews and Italians of Brooklyn Against Liberalism…

Political Currents by Ross Barkan
The Jews and Italians Against Liberalism
An ill wind blew through the land. Life, suddenly crackling, was not what it once was. The young, they said, did not respect the old, and the nation they knew now did not resemble the nation of their memories, when chaos did not seem to swallow up so much. Crime was up, gas prices were up, and the rage they felt was no longer confined…
Read more
4 years ago · 14 likes · 5 comments · Ross Barkan
  • John Quiggin: Memo RBA: We Ought to Live with Inflation, More of It: ‘The RBA… should reset its inflation target to 4%, or better still dump inflation targeting in favour of nominal GDP targeting…

John Quiggin's Blogstack
Memo RBA: we ought to live with inflation, more of it
That’s the headline for my latest piece in The Conversation. The article initially ran under a different headline, chosen by the publishers with an eye to maximising the number of search terms, but this failed miserably, and my preferred headline was restored. The insistence of publishers on choosing headlines has been a c…
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4 years ago · 4 likes · John Quiggin
  • Ryan Avent: Does Not Compute: ‘Te issue isn’t just one in which some individuals receive bad information, but rather one in which we all engage with each other a little differently, we are all part of the problem…. These networks want us to perform, and that we can instead choose not to. We can be silent, or gracious, or both…. We can do better. We have to, if we want to get through this…

The Bellows
Does not compute
There are days when I think that the history of our era, whenever it is written, will say that we were a society with manageable problems until the internet came along and ruined everything. I’m not completely convinced of this; not yet. But there are days when I think it, and more of them all the time…
Read more
4 years ago · 12 likes · 2 comments · Ryan Avent
  • Jonathan V. Last: How Long Will the New Republican Regime Last?: ‘Three boxes… a Republican needs to check… today: Personal loyalty to Donald Trump.Tolerance of corruption by favored groups and persons. Tolerance for the actions of Vladimir Putin. That’s it. That’s the Republican program now. And if you’re not onboard with those three positions, then all the ACU scores in the world won’t save you…

The Triad
How Long Will the New Republican Regime Last?
Two things: (1) You can get a signed copy of Tim Miller’s book! Order it here if you haven’t already! (2) TNB is tonight at 8:00 p.m. I’m going to lob your questions to Ted Johnson, Cathy Young, and Will Saletan. Go here to submit your questions now…
Read more
4 years ago · 49 likes · 110 comments · Jonathan V. Last
  • John Ganz: A Real War: ‘The great irony is how often “realism” ends up being attack on actual reality…. To focus on what we are actually seeing makes us dangerous sentimentalists…

Unpopular Front
A Real War
“The fact is, people have lost all remembrance of a real war. The Crimean, the Italian, and the Austro-Prussian war were all of them mere conventional wars — wars of Governments which made peace as soon as their military machinery had broken down or become worn out. A real war, one in which the nation itself participates, we have not seen in the heart o…
Read more
4 years ago · 58 likes · 3 comments · John Ganz
  • Josh Barro: Are There Any Adults at the Washington Post?: ‘Post management has a relevant interest in disciplining [Weigel]… Felicia Sonmez… has gone on a days-long public diatribe…. Your workplace is not Fleetwood Mac…

Very Serious
Are There Any Adults at the Washington Post?
Dear readers, I hope you had a good weekend. If you’re not a paid subscriber, you missed Friday’s Mayonnaise Clinic, which was all about Fire Island (the island), about which many straight people have questions because of “Fire Island” (the movie). I encourage you to check out my primer on what the place is all about…
Read more
4 years ago · 101 likes · 55 comments · Josh Barro

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