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LPE Originals

Jackson, Mississippi, and the Contested Boundaries of Self-Governance

This past year, Jackson has been the site of two separate yet related crises: a failed water system that has left approximately 150,000 residents without access to safe drinking water, and the takeover of the city’s police and court functions by white officials in the state government. Assessed together, these two episodes offer lessons about the challenges of local self-governance in a country awash with material inequality and the importance of pursuing political equality across as well as within jurisdictions.

LPE Originals

The Origins of the Nonprofit Industrial Complex

Despite receiving more revenue from the U.S. government than from private donors, the nonprofit sector is often cast as an independent realm that stands apart from both state and market. This picture is not merely misleading, but dangerous, as it naturalizes the idea that the needs of certain citizens are best met by private supplement, rather than by more expansive, more equal government provision.

LPE Originals

Some Short Circuits in the Rewiring of Regulatory Review

As Sabeel Rahman highlighted last week, OIRA’s proposed update to its notorious Circular A-4 incorporates a long list of improvements. But let’s not get too caught up in the moment. There is at least as much continuity in the new A-4 as there is change. The overall logic is still one that commensurates costs and benefits in terms of additive individual willingness to pay, that holds up market competition between capitalist firms as the presumptively optimal form of social organization, and that treats regulation as a presumptively unwarranted intrusion into the freedom of the market. A recalibration, rather than a rejection or rethinking, of that basic framework.

LPE Originals

Rewiring Regulatory Review

Last month, the Biden Administration released a long-awaited overhaul of the regulatory review process. Although these changes are aimed at a highly technical and behind-the-scenes process, their importance is hard to overstate. From lowering the social discount rate, to providing a method for income weighting, to incorporating hard-to-quantify impacts into agency decision-making, these revisions will affect government policymaking across nearly every domain. They also signal overdue recognition that an inclusive political economy requires a transformation not just in the substance of public policy, but also in its process, in the machinery of how policy is designed, analyzed, coordinated, and ultimately made impactful.

LPE Originals

Putting Rural Communities on the (Broadband) Map

Broadband access in rural areas in the United States is not only a market failure, but a market disaster, as private providers have little interest in serving expensive, hard-to-reach places. In its most recent attempt to bridge the rural-urban digital divide, Congress allocated $42.5 billion for broadband deployment, the distribution of which is to be determined by the FCC’s national broadband maps. Yet these maps, which themselves have been outsourced to private actors, have consistently exaggerated broadband availability, depriving many rural communities of much-needed funding and a voice in this critical infrastructural issue.

LPE Originals

Networks, Platforms, and Utilities: Law and Policy

This week at the blog, we’re sharing a few of our favorite posts from Notice & Comment’s recent symposium on Networks, Platforms, and Utilities, a new casebook by Morgan Ricks, Ganesh Sitaraman, Shelley Welton, and Lev Menand. First up: the authors explain why it’s time to revive the field of “regulated industries” and to recover the idea that public interest demands a substantial measure of public control over society’s infrastructural resources.

LPE Originals

What’s Beyond “Beyond Neoliberalism”?

Neoliberalism, we are increasingly told, has one foot in the grave. It is worth, then, thinking seriously about what comes next. What paradigms might replace it, or give it one more mutated form? One possibility, gaining attention in mainstream progressive policy circles, is what some call “productivism” or “supply side liberalism.” But will a focus on production really address the fundamental problems with our political economy? And to what extent does this supposedly new version of industrial policy move us beyond the governing vision that defined neoliberalism itself?

LPE Originals

Saving Industrial Policy from Shareholder Primacy

Renewed attention to industrial policy has the potential to accelerate decarbonization and expand our productive capacities. If we are to realize this promise, however, we must guard against the diversion of public investment to private coffers. In this post, Lenore Palladino, Reed Shaw, and Will Dobbs-Allsopp explain how the Biden Administration can limit the negative effects of shareholder primacy on industrial policy.

LPE Originals

The “Value of a Statistical Life”: Reflections from the Pandemic

Economists who insist that the “value of a statistical life” can be determined solely by looking at the preferences of individual economic agents in a market overstate their case and miss crucial alternatives. The pandemic has shown that democratic determinations of value for non-market goods (like human life) deserve greater consideration.