Thanks Adrian! Yes totally agree, I think abundance can and does mean a lot of things. I probably should have specified that I really like the Klein/Thompson take on abundance because it prioritizes social good as a way to prioritize amongst existing supply-side/regulation-focused reforms. For example, I don’t think abundance’s focus on trains would count as EA (maaaybee if other problems were solved first, since it can help with road fatalities?). I don’t encounter much the birth rates focus in the abundance circles I run in. I don’t think birth rates would qualify for abundance in the way that I think of it (I don’t see how many well-intentioned government action impacted birth rates).
On examples of abolishing regulations: abundance asks that people review whether the tradeoffs of whatever regulation are still worth the cost. There’s a lot of inertia that leads to no one doing a review of regulations for unintended consequences. For context, I am pushing to get the Save Our Bacon Act removed from the farm bill; those regulations are clearly worth their cost.
Also, abundance is not just deregulation. It’s also covering things like advanced market commitments or other ways to incentivize good social outcomes. For context, the delay with the malaria vaccine wasn’t solely regulation. The main pursuers of the vaccine saw it as mostly an academic pursuit. The lack of urgency was a big problem.
Thanks so much for your note! :)
EDIT: I think the economic-growth argument and acceleration-technologies-that-other-countries-use (like the East Asian tigers and chips) is a huge deal for EAs focusing on global health and poverty. Our World in Data noted econ growth/avoiding stagnation as main factor for whether a country is on track to raise GDP + incomes. (A big part of the equation though is also whether the country is able to adopt these e.g. state capacity, aligning incentives, also abundance issues.) https://ourworldindata.org/data-insights/the-world-has-made-huge-progress-in-reducing-extreme-poverty-could-this-be-coming-to-an-end
Thanks Jacob! I appreciate your comment.
I think we agree on a lot of the things. I think the crux is diverging beliefs in how much economic growth has solved absolute poverty in the global north. I was basing that on the Center for Global Development’s work, as well as the work on a lot of evidence-focused global poverty focused orgs. Economic growth / avoiding stagnation is what Our World in Data noted as the main factor for whether a country is on track to raise GDP + incomes. https://ourworldindata.org/data-insights/the-world-has-made-huge-progress-in-reducing-extreme-poverty-could-this-be-coming-to-an-end
Abundance as I am referencing it is not what circles like the Abundance Institute is doing, where their metric isn’t social good as much as free markets. I think the fact that Klein/Thompson’s approach is often misunderstood as associated with just pro-business circles is proof that it’s neglected. I think if it was extremely popular within Democrats then it wouldn’t be something only 1% of people have heard of, according to recent surveys.
As for environmental regulations, the fact that some environmental regulations don’t protect people from bad outcomes is not proof that some environmental regulations don’t provide environmental protection as intended. NEPA for example is often used by a small handful of environmental orgs to stop the building of clean energy plans, environmentally beneficial projects, apartments, and bike lanes. Within the environmental movement, there’s ire about this kind of thing because it’s gotten in the way of better climate-friendly infrastructure.
Lower housing prices might harm homeowners but it benefits everyone, including homeowners, in so many ways that people don’t often realize: https://worksinprogress.co/issue/the-housing-theory-of-everything/