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Decline in American Building
- America stopped building and inventing at scale around the 1960s and 70s due to legal and cultural changes.
- New zoning laws and environmental rules increased difficulty and litigation in modifying the physical environment.
Progressive Cities Block Housing
- Progressive cities often restrict housing development while growing their vote share.
- This creates a paradox where pro-growth rhetoric clashes with restrictive housing policies.
California's Housing and Infrastructure Dilemma
- California’s economy is a hub of American innovation but its housing and infrastructure rules prevent new builds.
- This leads to decade-long declines in housing permits and stalled projects like high-speed rail.