Monday, July 17, 2017

It's bi-partisan

Timothy Taylor (citing Brian Taylor) offers a clear summary of the argument for congestion pricing on roads and highways. But spending and building is more fun than managing if you are in politics.  All the problems of democracy are in play: voters pay limited attention; lobbyists and special interests pay a lot of attention.

Competing "dog whistles" describes the discourse we have in the age of fast news and fast breaks. But there is one "dog whistle" that is special because it is bi-partisan. Everyone likes "infrastructure." Much of what we have is in poor shape. Almost everyone gets behind the idea of mega-spending to fix the problem.

But mega-spending American-style rarely does more good than harm. The Economist writes about "Notes from Underground". The WSJ describes Amtrak's "Summer of Hell."  It's very simple. Politicians are beholden to contractors and unions. More money will not fix this. It may make it worse.

Crony capitalism describes much of modern America. In this morning's WSJ, Elon Musk cites the "AI threat" and advocates a policy to regulate artificial intelligence. It's a terrible idea and I expect that Musk expects to be involved with the new regulatory agency. This would be the case no matter which party holds power. It's bi-partisan.