It is peak irony that a piece of environmental regulation is being used here to delay the upgrade works. On brand for California, of course.
Did the article provide a direct answer to this? I see the $20M delay payments to contractors and the rise of labor costs cited, but is that all?
Maybe California is not as hopeless as it may look.
Andreessen family 2 years later: "IMMENSELY AGAINST multifamily development! I am writing this letter to communicate our IMMENSE objection to the creation of multifamily overlay zones in Atherton... They will MASSIVELY decrease our home values"[1]
[0] https://a16z.com/its-time-to-build/
[1] https://therealdeal.com/san-francisco/2022/08/08/marc-andree...
https://climateadvocacylab.org/resource/against-wind-map-ant...
One of their victims was Cape Wind. The project would have made the cape and islands almost 75% carbon-free power for decades.
https://en.wikipedia.org/wiki/Cape_Wind
They've been desperately trying to kill off Vineyard Wind, too. And they have killed off many individual turbine projects.
What's interesting is that many who defend our current mode of production (capitalism) either don't know or have forgotten that Adam Smith (of The Wealth of Nations fame obviously) had a very negative view of landlords, calling them essentially parasitic. I mean this is where the term "rent-seeking" comes from. Landlords and landowners essentially extracted value from the economy for no productive economic output. In other words, they were parasites.
Fudge has written papers on what he calls the "Housing Theory of Everything" [2] and calls the property market a "rentier black hole". When property becomes the best-performing asset, it redirects all capital that might otherwise go to producing things and (in his opinion) this is what really hollowed out British industry. He also argues for a land value tax, similar to what France has (IFI).
I find this interesting because it's an area where capitalism theory and socialist theory agree yet protecting house values has somehow become the entire focus of our economy. Even the term, the "tragedy of the commons" was a 1968 invention [3] and this still dominates discourse even though it was disproven with empircal evidence, work which garnered the 2009 Nobel Prize for Economics [4].
So land accumulation is both capitalist and socialist so how did we get here? I guess the landowners. So when people defend the likes of Atherton doing this, it's not based on any ideology at all. Oh and the poster-children for rent-seeking still have to be the Resnicks [5].
CEQA was a well-intentioned law. But as we've seen it's been effectively weaponized by the billionaires, the propaganda has been created NIMBYs and we now have an economy that most rewards land-hoarding with no economic output. And that's the real reason this happens and will keep happening.
[1]: https://www.tiktok.com/@henryfudgeofficial/video/76460341810...
[2]: https://henryfudgeofficial.substack.com/p/the-housing-theory...
[3]: https://math.uchicago.edu/~shmuel/Modeling/Hardin,%20Tragedy...
[4]: https://aeon.co/essays/the-tragedy-of-the-commons-is-a-false...
[5]: https://perfectunion.us/how-this-billionaire-couple-stole-ca...
The slop & aggressively poor argumentation, the kind that I think would have caused me to fail it if I tried it in speech & debate in middle school, leaves me feeling empty.
They keep saying $400M, $400M, $400M, $400M, and the only cost they came up with is $20M. It makes me uncomfortable to support the overall cause if this is how it'll be played, because, setting aside morality of tactics, it's not playing to win. Anyone who is at the margins will see it plainly and be given a reason not to listen.
> > Atherton didn't have to win. A CEQA lawsuit doesn't need a strong legal theory to do damage — it just needs to introduce enough risk that funders freeze and clocks keep running. The delay is the weapon.
In my opinion, this construct is massively overused by LLMs and is extremely jarring to read. The pithy followup "The delay is the weapon." feels like Year 8 Debate Club and is very melodramatic and cringy.
It must be possible to steer the LLM away from this?