Discussion about this post

User's avatar
Ciaran Santiago's avatar

For what it's worth, I just graduated from college a few weeks ago and all the points you made line up pretty clearly with my personal experience. Choosing a major with a reputation of being difficult was probably the best decision I made academically for exactly the reasons you brought up, although I would also add that it was a great way to find friends who shared my values. Being a varsity athlete was transformative for similar reasons, and while it's obviously a commitment in and of itself, I found that it introduced a lot of positive structure into my life that would otherwise be taken up by less productive activities. My brother's in college right now and while he's done very well for himself, I suspect that if he had selected into different groups, it would have a positive effect on his performance similar to what I experienced.

Ant Breach's avatar

On the UK, I would push back on the idea that more London is the answer. We need the capital city - our largest and richest local economy - to do well for the country to succeed, but it's not the solution to all of our problems.

Yes, we definitely need Yimbyism and major reform of our San Francisco-style discretionary planning system, and to replace it with a new flexible zoning system. But our economic geography problems are bigger than just housing.

The other major issue is that the other big cities - Manchester, Liverpool, Birmingham, Glasgow, Newcastle etc - all massively underperform their international peers despite having a very large share of the population, meaning lots of our missing agglomeration effects are outside London and the Greater South East. I think most Americans who have visited nice bits of the UK on holiday would honestly be shocked at just how poor some parts of these large European cities really are.

There seem to be a mix of reasons for this, including the low-density, terraced/post war urban environment of lots of these urban areas and a lack of either public or motorway transport infrastructure - they're cramped but not dense.

But one of the most important seems to be the exceptional level of centralisation and the almost complete lack of financial incentives in the local government tax system for places to pursue growth. Even if a poor city does well and creates jobs and builds new homes, it all gets 'equalised' away with reduced grants from central government, to fund more subsidies to poorer/Nimby places that did not achieve or rejected growth in the name of fairness.

What this implies is that digging up James II to rule absolutely over us from Whitehall Palace isn't really the answer. We need to do very hard reforms to the planning system and local finance - but ultimately we need to distribute power outside of London to ensure every place is hungry for growth and tries to defeat Nimbys to keep local taxes as low as possible/fund better public services in the community.

36 more comments...

No posts

Ready for more?