Well intentioned liberal approach to government intervention evolved over time and is now causing Democrats to fail. Erza Levant and Derek Thompson explain how their new book, Abundance, explains the political left’s regulation problem and solutions.
0:00 Erza Klein Explains the Vetocracy
0:25 The Solutions of One Era Become the Problems of the Next
1:15 The Hypocrisy of The Left
1:43 People Leaving California, New York, Illinois
1:52 Biden $42B Rural Broadband, Did Not Reach Any Homes
2:05 Biden $7.5B EV Chargers, Only Installed 24 Chargers
2:12 Money Spent Does Not Equate To Success
2:40 New Liberalism Has To Be Focused on Construction in Physical World
3:07 Progressives Are Losing The Argument on Who Can Run The Country
3:30 Elon Musk Public Private Partnerships
4:00 The Right is Focused on Scarcity
4:06 The Left Should Focus on Abundance
4:11 Deregulation Is Needed For Government To Use Power Well
Initially focused on market regulations and environmental law to address issues like air pollution, liberals created important regulatory policy frameworks allowing citizens to challenge government actions.
This shift demonstrates how government subsidy and oversight solutions from one era can become challenges for the next generation.
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