Move fast, break things: A review of Abundance by Ezra Klein and Derek Thompson
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The effects of the housing shortage are very real and something that can absolutely be worked on at the local and state level.
Not enough housing means:
* Longer commutes, which means more CO2, less time with friends and family, more stress, and more sprawl.
* People don't move to where the opportunities are any more.
* People do move there, but age out when they want to have a family and there's no appropriate housing.
The 'Abundance' idea is kind of vague. It makes for a good slogan, but the housing part of it is sorely needed, and it's one of the very rare issues in this day and age in the US that's not completely partisan.
It's not the wannabe home owners who are protesting but the current home owners who are rightly afraid that it will immensely reduce value of their homes.
https://bendyimby.com/2024/04/16/the-hearing-and-the-housing...
A room full of angry, wealthy, older people who showed up at 11AM on a weekday to stop homes for people who doubtless earn less than they do. And in that case, they were successful, sadly.
I think this take on it is pretty good: https://islandpress.org/books/arbitrary-lines
It's the other way around; HOA's are largely an outgrowth of the real estate industry stepping in to solve the problem of how racial discrimination in housing could be made formalized and still publicly enforced through the courts when explicit racial discrimination by local governments in racial zoning was struck down by the Supreme Court in 1917; starting with racial restrictions, other busybody terms started getting adding to property covenants.
HOA's entire point is to using leveraging property covenants to create viral contracts attached to property that leverage contract to create a basis or public enforcement, that's the hammer behind any of their private enforcement, without which they would have no effect. "Voluntary...HOA type thing" is an oxymoron.
(The problem, throughout most of America, is lack of multifamily zoning; it's not as much that people own single-family houses near multifamily lots, because their grandparents generally took care of that problem in the late 1940s when most major metro areas got rezoned to eliminate those multifamily lots).
If you own outright, all houses being cheaper means you can buy exactly as much house as you already owned if you sold.
If you don't own, houses being cheaper lets you buy more house.
Houses being cheaper relative to everything else means that if you sold your house you can buy less of other stuff with that money, but given you need a home anyway you've not actually lost anything in a fundamental sense. It's probably a bit too abstract to convince people to look at it this way though, and realistically you are losing value relative to everything but housing.
It's overall just a short-term mindset, sadly. Most people derive the majority of their income from things unrelated to property, so cheaper property lets them buy more house than otherwise regardless.
I think the complaint is more than they don't want their neighbors houses replaced by apartment buildings.
The first thing to go down will be rental yields, because those are more directly and immediately impacted by real market forces (number of renters versus available housing stock on the rental market), instead of speculation or the wealth effect or chasing a store of value, which are factors that drive the price of housing ownership but don't drive rents.
After rental yields decline, housing as an asset class will be less lucrative and higher risk compared to the cost of capital, which then causes an unwind as investors move to other asset classes.
If long-term homeowners want to age in place in their houses in Elgin and Buffalo Grove, free from the distractions of density and traffic, I don't have a problem with that. But inner-ring suburbs like Oak Park and Evanston exist primarily to divert school funding from the broader metro area into wealthy enclaves; they create, in effect, de facto private school systems. Homeowners there have no moral standing to resist density.
As for where you live, Illinois in general is particularly badly governed among US states. The entire state is a corrupt fiscal train wreck and serves mainly as an example of what not to do. Some other states have mechanisms to roughly equalize school district funding independent from local property taxes. My advice is to move.
Other US states have their share of problems but overall Illinois is in the worst fiscal shape.
My suspicion is that it’s a question of who has more control over asset classes and wealth.
Even in India, I see eye-wateringly expensive houses snapped up, with more being built. The same for london and any major city in the world.
It feels very much like the biggest participants in the economy, are the asset managers for yet richer people.
The economy feels like it’s retooling for the wealthy and above.
If we genuinely cared about CO2, then RTO mandates would have been rare.
1. He had to hire a biologist to convince the county inspectors that the property was not wetlands.
2. The county claimed that he couldn't put in a driveway due to regulations, but my dad found an old satellite image archive, which showed there was a prexisting logging road from decades earlier. This was a loophole that allowed him to install the driveway.
So much of the housing crisis is caused by overregulation, at least in my home state of Washington.
> “One of the personally amusing aspects of reading Abundance is that it kept reminding me of a two-hour discussion I had with Ezra Klein in 2019 about Medicare for All. […] In our discussion, Klein balked at making Medicare for All the centerpiece of a Democratic health care agenda because he thought it was not politically practical. […] At one point in the discussion, he asks how would I overcome employer opposition to the change, and I responded that we will just have to beat it, which he clearly did not find persuasive.
> “It’s not hard to imagine having the same conversation about Abundance but with the roles reversed. Whatever the merits of their proposals, Klein and Thompson are pushing an agenda that requires direct confrontation with many powerful, entrenched constituencies.”
https://www.peoplespolicyproject.org/2025/03/24/the-abundanc...
The project of the Progressive movement is a decisive takeover of the state and national Democratic parties, which is what they'd need in order to get single payer, their signature policy, passed.
The notion that there's an alternative long game for the Democrats to play, that instead of enacting a massive (and controversial) change to the health care system, the party can instead just build a track record of demonstrable competency, is a problem for their movement. Why pay attention to whether the party governs well where it holds power today (that is: in essentially every major population center in the country)? That's just a distraction from the real goal, which is reworking the entire system.
Breunig is saying the quiet part loud, which is pretty typical for him.
https://www.sensible-med.com/p/the-entire-healthcare-system-...
Increasing residency funding is a good idea, but I'm skeptical that it would reduce overall costs. With an aging population, demand for healthcare services is effectively infinite. The shortage of physicians is, paradoxically, one of the factors holding costs down today. If you can't see your doctor because appointments are backlogged for months then no insurance claim will be generated.
The review draws a comparison between Abundance and Marc Andreesen's "Time To Build" essay, for... no discernible reason. It then points out that pmarca was ultimately hypocritical about building (he opposed development in his own town, of Atherton). I don't understand what that has to do with anything. Klein is a YIMBY. So am I. I spent my spare time working to clear the way for multifamily housing to get built right next door to my own. What the fuck do I care what pmarca did?
I think that, to understand this review, you have to understand the internal dynamics of the Democratic coalition. Progressives (the left of the party) hate Klein, and, for reasons passing understanding, the YIMBY movement writ large. The progressives have a prescription for rehabilitating the national coalition: massive public spending programs and single-payer health care. Klein and Thompson advocate for a different strategy: building a track record of demonstrated competence, and stanching/reversing the outflow of residents from blue states to red states that actually build housing. That there might be a strategy that doesn't involve a progressive takeover of the state and national parties is a problem for the movement; hence: stuff like this.
You'll see the same thing happening with Matt Breunig and Malcolm Harris' reviews, posted upthread.
As I state clearly in the review, I share Klein and Thompson's view of the housing issue and I called that part the strongest section of the book.
My point is that what the book calls "abundance" is an incoherent mishmash of ideologically incoherent anecdotes. It's not a policy framework and it's not an agenda. So what is it?
The answer to your question is simple. In fact, you dance around it in your review! The politics of reform are about navigating the disagreements in the Democratic coalition. Indeed! The point of the book is to present a positive vision of what a Democratic coalition focused around an agenda of demonstrated competency would look like and accomplish. The book is about the persuasive effort.
It doesn't seem plausible that you'd be so unfamiliar with Klein that you didn't know he records one of the most popular policy-driven shows in the country.
As I stated already, the vision is incoherent. It's fine to cherrypick specific anecdotes as examples of competent governance. But if, for example, one of the stories is about how outsourcing large infrastructure projects led to its demise while doing the same for a vaccine logistics project was the cause of its success, this isn't really much of a vision at all, is it?
You say the point is to show what "an agenda of demonstrated competency would look like and accomplish." So where is that agenda?
In this case, it might help to add some detail about what it is you think I may have missed.
tptacek's summary seems spot on to me. It may be not what you meant to say, but it's an accurate summary of how at least 2 readers are interpreting what you're saying. You can try and blame the readers if you wish, but we're not mind readers and can only go by the words you've written on the page and the context in which you've written them.
The core of the problem is that we don't want to trample the losers (lest those tools be used against us), but at the same time, someone is often going to come worse (from their perspective) from some very worthwhile changes. In some cases, it seems like we can just use money to compensate them, but inevitably it's going to be difficult to price that, or it'll get abused. I don't rightfully know how to address that.
It's easy enough to justify paying for compulsory acquisitions - but in more abstract circumstances it's unlikely we want to be paying existing homeowners to stop opposing removal of zoning regulations.
I don't know, its a complex topic. If one asked me I'd probably splash out a lot more money in direct compensation for aggrieved parties rather than the current status quo - it would not surprise me if people would accept even relatively token amounts relative to the theoretical benefits, given otherwise there's no difference to saying yes/no to them. Would be an interesting experiment.
Most common training of CCP membership: Engineering
Face it, we are a litigious nation that values due process (with one exception of course) over making things. An influential idea or book isn't changing this, it's in our DNA somehow
Your premises are so wrong that it is hard to argue with your conclusion. Ofc politicians, or policemen, or lawyers, train in law more than engineering. The US is more litigious than many countries because... it works better to litigate there, maybe ?
And to further make the point, the US has been the center of innovation for decades. There’s a reason Silicon Valley is in the US. Other countries are catching up, but wasn’t that always to be expected?
Societies require vision of a future, something engineers are apt at creating. Empires require labyrinths of laws to entrench power, which lawyers excel at litigating. A thriving country requires both to be balanced, such that its benefits are distributed to all.
Having read about 4 different critiques of the book, this maybe closest to a well thought out one. However, it still gives in to the hyper-partisan times looking for a straightforward template to apply in every situation when actually “it depends” is the right answer.
How to build quickly and efficiently while managing everyone’s expectation is tricky business and not every situation will fall neatly under left-right (big government or small government?!) dichotomies!
The core thesis is to optimize to build quick not for some consistent politics du jour.
Same with Marc Andreessen who has never actually had a successful startup. Bizarre isn't it?
He was a founder of Netscape. But maybe you meant for your statement to apply only to his career as a VC.
Clark however had money, connections and enterpreneurial and executive experience whereas Andreeson was just starting out in his career.
Let's just say the Dotcom boom is how he and many others made their money.
The only people who say this are incredibly privileged trust fund leftists. Everyone else knows that more stuff=better life all else equal. Maybe someday that'll change but for now most people are still resource constrained. How did this become a popular take among the dem thought makers?
> significant parts of our federal government have abandoned key precepts of outcome-driven problem-solving. (Just try navigating the IRS’ Free File tax return tool. I gave up and paid for H&R Block instead.)
It seems deeply weird to me to pick this example, of all things, where things are getting better because of outcome-driven problem-solving. (You might also want to consider that "I gave up on Free File" might score you anti-points with your audience.)
If that's true, then we can shed regulations, speed the process of government, and make it more effective at actually doing things.
It might be difficult to tell which regulations are causing problems, or which are needless, or maybe that's not the point of the book; but criticizing the book for not pre-identifying exactly which regulations need to end seems overly demanding: we first need to agree that there are needless regulations that slow progress. If the book helps us reach that conclusion, it's served a purpose.
Also, as a small nit: "even a positive-sum world contains winners and losers." That needs cites I think. I'm sure there's someone in the U.S. who is worse off than a 15th century peasant, but there are precious few of them, too few to use that phrase to describe them.
The problem is getting that same level of agreement about specific regulations - or, failing that, making a strong case for a specific reason why a regulation that many people think is necessary and good is actually bad. But Klein and Thompson, for the most part, avoid doing this.
Do you think any of these diagnoses are wrong? Or are you just bored by them?
He's coming at if from his pov that he's aware of the problem but is looking for solutions... Which the author's don't give...
The problem is that human made laws deal with... Human beings... And hence with game theory...
So the intent of the law != Outcome of the law.
If you just throw away the law without considering Chesterton's fence etc you are probably throwing away the baby with the bathwater... And to fix it perfectly is basically impossible as it always is in complex matters... (if it was possible ie there wouldn't be accountants who can save millions/billions for cooperations...)
The book is describing problems that a lot of people, especially on this forum, are well aware off. However instead of saying - we need to do this, or even proposing a wiki/forum/whatever to specifically fix all those individual problems/ laws it just repeats what a lot of people are already aware off in a long spun out book.
Best other book I can think of that is similar in a way (and a best seller) is thinking fast and slow with the end conclusion being ~~~ eeeuhm there is no actual way to fix your thinking but hey maybe being aware off the 2 systems might help even though we've said this whole time that it doesn't really work.
So yeah, what specific solutions have you found in this book? If you agree that there aren't any... Maybe you just were looking for A and got A and he was hoping to get B and only got A ?
He's saying it's a problem book instead of a solution book and you are repeating but yes it's a great problem book... Why does there need to be a solution book. So maybe the marketing is at fault ?
(Anyway written at night on a phone so sorry for the badly written reply, I just noticed how you repeated more or less the same message and felt like communication was not being achieved despite lots of words being exchanged - I will clarify with a clearer head tomorrow to any reply - Hanoi time zone)
I've heard a few interviews though with the authors and while I'd like to see their ideas succeed I am suspicious of the idea that we can just get rid of the regulations that don't work.
All regulations work. There's a reason they get codified; they're working for someone. People who own property are voting for things not to change. It's not that they mistakenly think that building more housing is against their interest - it is against their interest.
Look at housing prices in Texas and California. Which would rather own a house in? In California it's going to be expensive and get more expensive. There are no can't miss investments but a house in CA. is pretty close. Now if you're buying a house Texas might be a better bet but owners are the ones running the regulatory environment.
"...Your sense of the possible is in no sense pure: sometimes you want the same thing you have, but wish you had done it yourselves; other times you want something different, but can't seem to get people to use it; sometimes one wonders why you just don't shut up and tell people to buy a PC with Windows or a Mac. No Gulag or lice, just a future whose intellectual tone and interaction style is set by Sonic the Hedgehog. You claim to seek progress, but you succeed mainly in whining..."
This seems quite relevant to Klien & Thompson's new work, which is basically advocating for and co-opting many of the core economic ideas of the current administration; ideas that would be difficult to imagine anyone would else in the government class would be qualified to out-execute them on when the rubber actually meets the road, despite their reservations and the differences they have at the margin. End of the day, somehow they wish they owned the agenda, which is understandable: they are peddling an ideology and it is difficult to see the competitive one win on merits.
How on earth do you come to this conclusion?
Trump is famously NIMBY, both in real estate and in infrastructure. He objects to solar and wind purely on the basis that "they ruin the view". He's anti-dense and pro-suburb, he hates zoning except when it actually comes to residential zoning, where he has pretty consistently tried to leverage it to destroy dense housing projects (other than his own presumably).
Aside from that "this administration" has no real consistent policy objectives other than kicking out immigrants. Not even cutting taxes, because tariffs are taxes.
DOGE barely even pretends to be a legitimate effort to make government more efficient as opposed to simply cutting things they don't like or understand without concern for the actual ROI. You don't slash the IRS if you care about government efficiency.
Of course you can debate the difference at the margin ad nauseam, something the authors are doing more authoritatively than you and I could on every single podcast on the planet, trying hard to differentiate themselves from libertarians that preceded them decades ago. I remain unconvinced.
Fucking everyone does. That's like saying my moral code is the same as Ted Cruz's because we both think murder is wrong.
Trump wants to throw out most environmental laws and drill baby drill, Ezra wants to prune the ones that prevent us from actually saving the environment, which he highly values. These are worlds apart, you can't just toss them both in the "deregulation" category and call it a day.
No. Many people don't. Lots more don't have it as a priority. Ted Kaczynski and all the climate-change crowd come to mind.
Also you conveniently deleted my first word "deregulation."
Pointing to the unibomber is hardly a great way to prove the position is mainstream.
I started with your latter point because it was just so absurd. I didn't ignore "deregulation", that was what the entire rest of my comment was about.
As a non sequitur only tangentially related to the discussion, Kaczynski is dead.
Does anybody ever advocate economic decline?
But that was not the main point: there is a difference in basing your ideology on top of that pillar and betting the farm on it ala Abundance vs. just thinking economic growth is a nice to have blessing.
All of MAGA's most core policies are fundamentally degrowth. Tariffs, cancelling the CHIPS act, cutting funding for medical research, pushing expensive fossil fuels like coal above cheaper renewables or even natural gas, pushing resource extraction and commodity manufacturing and agriculture at the expense of advanced manufacturing.
The outcome of all of those policies will be degrowth, even if Trump isn't using that rhetoric.
Is Sonic a reference to crass commercialism, the diminished attention span of young people, or the iteration speed of the platform?
That seems laughable. Which policies specifically are you talking about? Trust me, no one would more like this to be true than I. But... good grief.
I'd genuinely prefer to engage on specifics. What Trump administration policies do you think Klein is co-opting?
The problem with Klein and Thompson's vision, as the author teases out, is that it is politically unpopular when you really dig into what theyre calling for. That's why theyre writing this book I suppose, to create support for their ideology.
This is also one of the things China has.
> Two years after Marc Andreessen published “It’s Time to Build,” The Atlantic’s Jerusalem Demsas uncovered that Andreessen’s town of Atherton, CA had planned to do just that — build multifamily homes! — but was met with ferocious opposition from, well, a venture capitalist by the name of Marc Andreessen. As he and his wife wrote in a letter to the mayor and town council:
>> Subject line: IMMENSELY AGAINST multifamily development! >> I am writing this letter to communicate our IMMENSE objection to the creation of multifamily overlay zones in Atherton … Please IMMEDIATELY REMOVE all multifamily overlay zoning projects from the Housing Element which will be submitted to the state in July. They will MASSIVELY decrease our home values, the quality of life of ourselves and our neighbors and IMMENSELY increase the noise pollution and traffic.
The tragedy of muscular-government urbanism today is that it’s stuck in a political coalition with toxic empaths that will fill your nice public spaces with drug addicts, criminals, and illegal aliens. They won’t let you have nice public spaces until you first fix poverty, drug addiction, racism, and the economies of Latin American and Middle Eastern countries.