Crossposted from the blog The Hazy Path to which I contribute. If you believe that democracy is guaranteed to triumph in the end, you might be in for a nasty surprise. You see, the path of democracy, once thought to be on an inexorable upward trajectory, has recently taken a...
Crossposted from the blog The Hazy Path to which I contribute (thehazypath.substack.com). In this article: the hidden effects of game theory, the power of incentives, and how to solve a problem that affects us all. As I read countless headlines about Britain’s escalating housing crisis, I was perplexed by its...
Crossposted from the blog The Hazy Path to which I contribute.
If you believe that democracy is guaranteed to triumph in the end, you might be in for a nasty surprise. You see, the path of democracy, once thought to be on an inexorable upward trajectory, has recently taken a turn for the worse. In 2017, the Economic Intelligence Unit downgraded the USA from a “full democracy” to a “flawed democracy” for the first time ever. This means a country with free elections, but weighed down by weak governance, corruption and low trust in the political system. And this trend isn’t confined to the US: it’s a global wave. In that same report,... (read 1835 more words →)
Crossposted from the blog The Hazy Path to which I contribute (thehazypath.substack.com).
In this article: the hidden effects of game theory, the power of incentives, and how to solve a problem that affects us all.
As I read countless headlines about Britain’s escalating housing crisis, I was perplexed by its apparent futility and absurdity.
After all, we have a deficit of 4 million homes, while a burgeoning construction sector is ready and willing to fill the demand. Even considering the barrier of planning permission, boosting construction ought to be a politically popular move. An increased housing supply will lower prices for everyone, and more people will be able to own their home, rather than being... (read 2145 more words →)