Managed Housing Scarcity to Keep Real Estate Values Inflated
from Google AI:
- "Abundance theory" refers to several related concepts, primarily a modern political/ economic philosophy (Abundance Liberalism) advocating massive investment in supply (housing, energy, transport, science) to solve scarcity, contrasted with older ideas of a limitless, faith-based mindset or ecological views of vast natural resources, all generally aiming for growth by removing bottlenecks rather than focusing solely on redistribution.
Political & Economic "Abundance Agenda" - "Core Idea: A supply-side progressivism focused on creating abundant resources (housing, clean energy, tech) to overcome scarcity, reduce costs, and improve living standards, especially in "superstar" cities.
- Proponents: Popularized by journalists like Ezra Klein and Derek Thompson (authors of the book Abundance), it seeks to solve problems like high housing costs and healthcare access through innovation and growth, not just welfare
- Policy Focus: Building more houses, public transit, power plants, and investing in science, challenging regulatory hurdles and "Not In My Backyard" (NIMBY) opposition.
- Political Goal: To offer a positive alternative to traditional left-right divides, appealing to moderates and addressing issues beyond just redistribution.
- Philosophical & Mindset
- "Abundance"Mindset: A belief that the world offers limitless possibilities, focusing on creating wealth and potential rather than scarcity.
- Ecological View: Seeing the Earth as a vast system of material flows, where technology can tap into natural abundance, as described in some philosophical texts.
- Other Meanings
- Factor Abundance (Trade Theory): A technical concept ineconomics defining a country's relative endowment of production factors (like labor or capital) for international trade.
- Relative Species Abundance (Ecology): The proportion of different species within an ecological community, a core concept in biology.
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