2min chapter

"Econ 102" with Noah Smith and Erik Torenberg cover image

California Land Use, The Best American City, San Francisco Politics, and more with Dan Romero

"Econ 102" with Noah Smith and Erik Torenberg

CHAPTER

The Politics of Stasis Subsidy in California

The political coalition is what I call a stasis subsidy it's the idea that we instead of actually giving people stuff we give people veto power over anything in the world changing around them. If you are from an educated like you know upper middle class family whose family does like real estate and professional jobs with occasional engineer they're going to say anything that changes, he says. "I'm afraid of that's the political coalition"

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