Saturday, October 03, 2020
Groupthink in regulation
A very interesting look at the mechanism by which the chattering classes around the world arrive at a decision and force it on everyone - with a focus on how the regulatory environment of the last 50 years has prevented the world from getting better. Interestingly,
Where's my flying car by Robin Hanson summarizes Where's my flying car by J. Storrs Hall, and places the blame pretty squarely on over-regulation, of nuclear power in particular, but of all technology in general. We didn't turn to twitter because there were no ideas, but because that was, for a while, the only unregulated area for growth.The greatest engine for economic inequaltiy is the government trying to be nice.
Gordon's central thesis was that our spurt of growth came from mastering fossil fuels -- essentially mastering electromagnetism -- and that's over.
