alt Hacker NewsWhat it doesn’t address is the role of finance and the financial sector in explaining why things are the way they are.
It’s not just a missing detail it’s fatal to their entire argument.
Which isn’t an accident, since the goal of the “abundance movement” is to stop the actual progressive movements that want to take on concentrated financial power.
This is a bad-faith description of the abundance movement.
The central thesis of the abundance movement is this: Every time we make a regulation, we are making a tradeoff. In the case of housing, an example would be "zoning only for single family housing". It's trading off affordability for quieter neighborhoods. Another might be "public housing contracts must favor minority-owned contractors". It trades off affordability for the development of a disadvantaged constituency.
Over time, many of these such regulations accumulate. Environmental reviews. Impact studies. Public comment periods. And while every individual regulation might be well meaning, the totality of them creates market distortions that disincentivize or even utterly prevent the very thing we're trying to accomplish.
So, the abundance movement looks at these and says we need to think about these in terms of tradeoffs, and pare back the regulations that have bad tradeoffs. This is often derided by critics as deregulation which makes developers more profitable. While that might be a side effect, it's not the main reason. It's deregulation to remove market distortions that, in the case of housing, constrain supply and therefore drive up housing costs.