Regarding the idea "let new institutions run in parallel" -- I'd be curious to hear more examples, even if hypothetical, about how that could work in practice. And not just for govt agencies but for infrastructure projects. CA high speed rail is mentioned - how could a new institution have made that project successful?
Bowman talks about how when localities don't get to keep their property tax revenue, they lose their incentive to allow new development. But San Francisco, one of the most NIMBY jurisdictions, keeps 99% of its property tax revenue. So I wonder if that might be overrated as a potential solution.
Overall really interesting episode that changed my views on how we can encourage more abundance!
Regarding the idea "let new institutions run in parallel" -- I'd be curious to hear more examples, even if hypothetical, about how that could work in practice. And not just for govt agencies but for infrastructure projects. CA high speed rail is mentioned - how could a new institution have made that project successful?
Bowman talks about how when localities don't get to keep their property tax revenue, they lose their incentive to allow new development. But San Francisco, one of the most NIMBY jurisdictions, keeps 99% of its property tax revenue. So I wonder if that might be overrated as a potential solution.
Overall really interesting episode that changed my views on how we can encourage more abundance!