John Arnold on Why It's So Hard To Build Things in America
Jun 20, 2024
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John Arnold, co-founder of Arnold Ventures, shares his insights on the struggles of building in America. He explains how red tape and permitting challenges are stifling infrastructure projects and housing development. The discussion highlights the complexities of public-private partnerships and the need for bipartisan solutions. Arnold also emphasizes the importance of philanthropy in effecting policy change, exploring ways to streamline approvals and navigate community concerns for effective construction and development.
Permitting processes hinder infrastructure projects, requiring reforms for efficiency.
YIMBYism poses challenges for new housing construction in America, necessitating innovative solutions.
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Challenges in Permitting and Infrastructure Building
Discussions delve into the obstacles faced in permitting processes for infrastructure projects, emphasizing the need for reforms to streamline the system, address trade-offs between reliability and affordability in energy grids, and navigate political and environmental considerations in policy decision-making.
Virtually everyone, across the ideological spectrum, has the view right now that it's too hard to build things (or get things done generally) in America. New infrastructure is thwarted by red tape and permitting. New housing is thwarted by YIMBYism. Even something that doesn't require much new construction -- like NYC's attempt to impose congestion pricing -- is difficult to get done after years and years of wrangling. What is the core problem? And what can be done to address it? On this episode, we speak with John Arnold, who started his career as an energy trader at Enron, before going on to found a highly successful energy hedge fund. Now in his role as the co-founder of Arnold Ventures, he works on policy solutions to address these key bottlenecks. We discuss how he goes about philanthropy to affect policy change, the problems he's identified, and what solutions could be put in place to improve domestic development.