See also: Singapore. When I first visited I was amazed at how little traffic there was. Turns out they had imposed so severe costs on car ownership that the vast majority can’t afford to own one.
Why Driving in Singapore Is Like 'Wearing a Rolex'
https://www.nytimes.com/2025/03/24/world/asia/car-certificat...
Occasionally? Tons of middle class people do it.
The majority of my social circle consists of middle and upper middle class Newjerseyans. Many commute daily into Manhattan via public transit. But if they’re going in for anything other than work, it’s always the car.
Which congestion price is perfectly fine for if you’re only going in occasionally.
I would not be surprised if occasionally driving into Manhattan is cheaper now. Surely the excessive prices on parking should be going down.
Edit: Happy to be downvoted by people who actually live in Manhattan and take 5 seconds out of their day to talk to anybody who works in a local store. Brooklyn transplants can move along.
But my in laws that drive in from the suburbs a few times a year? They can afford the $9.
I postulate it's because they don't actually live there, or just moved there, if they do actually live there, they'd have to be severely socially inept to never speak to a store or restaurant owner and ask what their commute is like.
To act as though it affects nobody of moderate or lower income is downright dishonest, when 22% of Manhattan households own one - it's no longer an upper class activity, just a basic tool to get to work.
The point isn’t that it won’t negatively affect anybody of moderate or lower income, it’s that overall it will positively affect most people of moderate or lower income, because most of those people do not drive regularly into Manhattan.
It hasn't panned out that way at all however, it's just great for everyone.
OK, actually not everyone. There's one very specific group that this sucks for, which not-coincidentally was the group that was loudly opposing it using the excuse you tried.
That group is people who work for the city and/or are connected so they get free daily parking. That's a lot of cops and firefighters and various city functionaries at various levels and agencies that have been able to get their hands on parking placards. It's a core NYC subculture and they were the annoying loud voices that tried to stop this.
Almost anyone who was driving into central Manhattan and paying for parking already is thrilled by this, it's only a little more expensive and in exchange they shave hours of traffic out of their commutes.
It's the people that were gaming the system to get free parking that are suddenly screwed. Fuck them.
These aren't deep moral questions. You're trying to draw some sort of universal fairness doctrine around this that doesn't apply. It's just public policy. The people who live in the area are buying all the roads, through various taxes and fees.
Roads don't work the way you describe. Are you aware that there's literally no way to drive to Long Island without going through New York City? Or that driving from Princeton New Jersey to Providence Rhode Island requires going through New York City or driving about 40-50 miles out of the way? Why is all this solely the problem of people who live in Manhattan below Central Park again?
The people whom congestion pricing hurts the most are those who feel that public transit is beneath them but still rely on driving in Manhattan to a degree that the congestion charge is a significant tax. Which unfortunately seems to include most of the media class in NYC, hence the incessant whining about it.
https://www.nytimes.com/2025/04/29/nyregion/mta-budget.html
"The M.T.A. expects to spend $10.9 billion to buy roughly 2,000 new rail cars, an order that will include 1,500 subway cars and more than 500 for the Metro-North and Long Island Rail Road. Some of the train fleet has not been updated since at least 1980, the year of the M.T.A.’s first capital plan. Another $3.3 billion will buy and support 2,261 new buses."
"The plan includes $5.4 billion to modernize the subway signal system, which dates back to the Great Depression. Over the past 15 months, the antiquated system has led to an average of nearly 4,000 train delays a month, according to the M.T.A."
Why is that an issue?
Public transportation and taxis are readily available.
That makes it seem like Trump was pro-congestion pricing... he was not. I remember reading there was a threat and attempt by him to reverse it. Lest it seem like I am a Trump hater, I am very much not impressed by Hochul's delaying which was certainly because of her special interests.
1) It's a regressive tax on everyone living here -- even if you never use a car. Literally everything we buy and use in the city gets more expensive because of this law.
2) That same regressive tax is used to provide a lifeline for an exceptionally wasteful public organization (the MTA) that needs budget discipline, not additional funding. The MTA rivals Tammany Hall in terms of waste and fraud, and the talks of budget cuts were political crocodile tears.
3) (more minor) By definition, the point of this tax is to make it so that only rich people can drive. As the article notes, of course this is great if you're rich enough to afford it...but the article doesn't quote the people who can't now.
---
Edit: I'm just going to respond to the single point that everyone is making in one place, instead of repeating it: you don't just get to assert that the hypothesized "reduction in transit time" offsets the costs. You have to prove that argument.
You're the one arguing in favor of a new tax. It's not my job to prove the negative.
Ultimately, congestion was itself a cost, but it was a dynamic cost, increasing and decreasing with the amount of congestion to maximize utility of the roads. What the state has done here, effectively, is set the price of driving higher than the market at all times in order to guarantee a marginal reduction in demand.
Significantly? Aren't those delivery trucks spending a lot less time paying drivers to idle in traffic now?
We do have concrete evidence the buses, at least, are moving around faster.
Money spent on the MTA benefits everybody, especially the poor.
https://www.nytimes.com/2017/12/28/nyregion/new-york-subway-...
> An accountant discovered the discrepancy while reviewing the budget for new train platforms under Grand Central Terminal in Manhattan. The budget showed that 900 workers were being paid to dig caverns for the platforms as part of a 3.5-mile tunnel connecting the historic station to the Long Island Rail Road. But the accountant could only identify about 700 jobs that needed to be done, according to three project supervisors. Officials could not find any reason for the other 200 people to be there.
> For years, The Times found, public officials have stood by as a small group of politically connected labor unions, construction companies and consulting firms have amassed large profits.
> Trade unions, which have closely aligned themselves with Gov. Andrew M. Cuomo and other politicians, have secured deals requiring underground construction work to be staffed by as many as four times more laborers than elsewhere in the world, documents show.
> Construction companies, which have given millions of dollars in campaign donations in recent years, have increased their projected costs by up to 50 percent when bidding for work from the M.T.A., contractors say.
> Consulting firms, which have hired away scores of M.T.A. employees, have persuaded the authority to spend an unusual amount on design and management, statistics indicate.
This is literally what Tammany Hall did.
As someone in New York who supports congestion pricing and public transit, I will say this: yes, there is a ton of waste and mismanagement at the MTA, and the TWU is unfortunately frequently one of the impediments to progress here. They have a history of opposing things like industry-standard safety improvements, sometimes even things which create jobs for their members, for arcane political reasons that require a deep understanding of their internal politics to comprehend. It would be nice if the TWU were a more consistent force for efficiency and progress, but they are not. You can compare to unions elsewhere in the world, or even to other unions in the US, and the TWU still winds up as an outlier in many of these areas.
That said, OP is pointing the finger at the wrong party. The MTA is overseen by the state. The responsibility for these inefficiencies and cost overruns lie with the state legislature and the governor. Andrew Cuomo, who was the governor at the time that article was written, famously washed his hands off the MTA. He was so brazen as to even publicly claim that he had no authority over them, at the same time as he was making unilateral management decisions on their behalf, including ordering the MTA to write a check to an upstate ski resort, to bail the resort out after a low-business season.
Fortunately, the money from congestion pricing is legally earmarked by state law and under a settlement from a federal lawsuit (the lawsuit was unrelated to congestion pricing, but the funding was offered up as a settlement term), so there's a lot less wiggle room for things to go wrong.
Congestion pricing is a solid policy win. That doesn't mean the governor (Hochul) and the state legislature don't need to step up and do their jobs - which means real, material oversight - but criticizing congestion pricing on those grounds, when it's one of the few budget items which actually has been legally overseen and structured - is completely off-base.
That being said, there is definitely corruption in the NYC construction market that doesn’t exist in the market I operate in, and I’ve read articles specifically about sandhogs inflating contracts and so on. Their union contract could possibly specify certain positions being required that are extraneous to the work being performed that would inflate the cost of the project and line the union’s coffers.
Net margins on a 9 to 10 figure construction contract should be around 3-5% in a competitive market.
FWIW I am a construction management professional.
Aruguable. It’s very possible that the time saved by not sitting in traffic will outweigh the congestion charge for delivery trucks (which is what I assume you’re referring to).
That's an empirical question, you're going to have to prove it. The time saved by delivery drivers or contractors, for example, has value. If they can make more deliveries, or fix more elevators in the same day those services get cheaper. If the only downside is that the assistant patrol supervisor deputy liaison that would have driven to 1 Police Plaza takes the train instead it's clearly a net savings and economic improvement and makes everything we buy and use in the city cheaper.
> 2) That same regressive tax is used to provide a lifeline for an exceptionally wasteful public organization (the MTA) that needs budget discipline, not additional funding.
The MTA is chronically starved for cash and unable to do large scale long term projects because of unstable funding. If this policy, which as we saw above might well have literally zero aggregate economic downside, also builds more efficient transit, it's a virtuous circle of winning.
> 3) (more minor) By definition, the point of this tax is to make it so that only rich people can drive. As the article notes, of course this is great if you're rich enough to afford it...but the article doesn't quote the people who can't now.
Rich people can already drive. Now those rich people give money to transit for everyone else. Working people or people who need to drive (like those with a van full of stuff that needs to be somewhere) are able to do so much more efficiently and most likely face net lower costs.
The "downside" is midly affluent people who do have cars and regularly drive in the central area take fewer trips or take the train a few more times instead. And the other downside is that the tens of thousands of assholes who've been abusing the city parking placard process for decades have to find another way to get to work like the rest of us.
Congestion was already priced into all goods and services in NYC, it just came in the form of a deadweight loss (paying delivery workers / tradespeople / professionals to sit in traffic) instead of a tax that at least ostensibly will fund better transit.
I agree!
> instead of a tax that at least ostensibly will fund better transit.
Telling me that the money will be set on fire by a public organization with good intent doesn't convince me.
What has happened here -- and mathematically, this has to be true, or it wouldn't work -- is that the city has taken what used to be the market cost of congestion, and set an artificial floor higher than that market. They then captured the difference as revenue.
That's the fundamental argument against the assertion that traffic speed increases will offset the costs. It cannot be true, or people would choose to drive.
I think the mistake you're making here is assuming that the value of driving and the cost of congestion are the same to every driver.
For some people, driving is an elastic decision. They mode shift, or time shift to off-peak, or carpool, or combine errands in the city into one trip instead of multiple.
For other people, driving is necessary. They'll benefit from fewer of the first type of person being on the roads during peak hours.
I'm just saying that if the marginal driver were still choosing to drive, then the system wouldn't work at all. That seems tautological?
The MTA has to set the price high enough above market that the reduction in demand is X%. Whether someone is driving because of speed, or comfort, or some other factor, the cost has to exceed their personally calculated benefit.
It's a dynamic system though; as some drivers opt not to drive, the utility of driving for those other drivers increases. Yes, the market will find an equilibrium somewhere where some people will still drive, but that's kind of the point.
i dont think thats true. the cost can also be much cheaper, but people price differentiate better when they can actually see the number than when they cant.
you can look at 19.99 as an example, vs 20 as example of making people feel a certain way to get them to shop differently, or credit cards - which get people to pay much more for an item than they otherwise would with the interest payments, or with the klarna styled buy now pay later.
its not a tautology that a higher price drives down cost.
i think the government price is likely much less than the cost of congestion, especially once you price in the externalities of pollution, but drivers werent aware of how much cost they were incurring from the congestion, and now that there's a number, they can make decisions based off of it
> By definition, the point of this tax is to make it so that only rich people can drive.
That's not true. There's a tax credit for low-income residents and a full waiver for disabled people. The average person who drives in Manhattan makes $130,000, 40% more than the average income in the city as a whole [2], so letting them do it for free (while creating negative externalities that we all bear) is just a handout to people who don't need it.
[1]: https://selectliquidation.com/collections/grocery-liquidatio...
[2]: https://fiscalpolicy.org/impact-of-payroll-mobility-tax-on-n...
That's a fig-leaf argument. Yes, there's some theoretical tax credit that may or may not offset the costs for particular groups of people -- and it would be insane if they didn't exempt the disabled. But if the tax weren't causing the marginal driver to stop driving, it wouldn't work, by definition.
Congesting pricing has dual goals of reducing congestion and funding the MTA. Low-income drivers get a break on the charge, so they fund the MTA a little less than other drivers, but they're still less likely to drive than they were before, because it costs more now.
(...poor people being notorious for having lots of time for precise accounting and follow through on government bureaucracy.)
After being the most vocal critics for years, they’ve learned that low traffic == more, faster deliveries == more business and more coverage, or same business with fewer drivers.
This is the real reason why I think it'll never get repealed. If anyone tries, the industry lobbies will be arguing to keep it instead.
You ok man? Like, respect for your passion on this issue but you’re also seething pretty hard about New York City having cleaner air and less traffic.
https://www.nytimes.com/interactive/2025/05/11/upshot/conges...
> The New York City health department’s readings of PM2.5, one air quality measure, improved citywide the first three months of this year compared with the same period in 2024. The improvement was more pronounced within the congestion zone, but it’s too early to attribute that to the program, or to know if that’s a lasting pattern, experts said.
"My apartment still gets dusty" seems like a pretty desperate anti-congestion charge argument.
A three-month change at the beginning of the year in PM2.5 is noise.
You've yet to provide any for your assertions. Just feels.
I personally don't think the PM2.5 thing would justify the implementation of the system even if it were true, but that's not a debate I want to get into.
https://www.urbandictionary.com/define.php?term=schrodinger%...
The benefits of reducing PM2.5 pollution are... not in dispute. https://www.epa.gov/pm-pollution/health-and-environmental-ef...
I've been nothing but polite to you.
unless you disagree with the that definition of the utility of the road?
how do you explain phenomena like shockwave traffic jams, where otherwise high utility roads get sections of nearly stopped traffic. eg. https://youtu.be/Suugn-p5C1M?feature=shared in a closed system (30s of video)
can you spend some time showing your work, and both propose and prove what the cost function of congestion is? then, it should be clear whether the government set cost is higher or lower, and under what conditions. id especially want to see the limiting behaviour - standstill traffic. my gur sense is that the cost of congestion should be going towards infinity, but im interested in how the constant value from the government is still higher.
I don't live in New York, but have been following along loosely on the congestion pricing policy as someone who has some official business but also just generally curious to see how it would work out, and this is a benefit that I had not considered. Thank you for mentioning this.
I ask because the "only rich people" criticism of NYCs project has been beaten into the dirt and discussed at nearly every level of politics for more than a year now. If there's anything you want to know the information is readily available.
Literally no one has stepped forward and said “I can’t afford $9 or $2.95 or the deep discount commuter tickets.”
It's almost never needed to faregate sidewalks. Tourist districts can organize a special improvement district tax on stores to fund sidewalk upgrades, trash collection, shuttles, security, parking, and planting flowers. This makes the zone more even more attractive to tourists.
I'll be curious what happens come winter time. Midtown becomes gridlock in the evenings. I do not expect that to change.
All that being said - probably my own biases skewing things. I will keep my eyes peeled!
Business owners universally oppose the change and predict catastrophe, the change goes through, and business/foot traffic goes way up instead.
It seems that business owners' ability to "know their customers" is rather limited; that, or they're just biased by their own need for car/delivery parking.
Movie production companies compared VCR sales to a serial killer. These were the leaders of large, successful companies, and they didn’t know shit.
This is an exaggeration of what (I think) happens: all of their current customers only ever drive there and park in front of their shop. They say oh with no parking I won't come any more. Then they stop coming. They lost all their customers! Everyone who can now safely walk to the shop (who couldn't / wouldn't before for multiple reasons) starts walking there. There are a lot more people who can now safely walk to and patronize the shop, and they do. The shops foot traffic went up by 10x. They still lost all their customers.
I think it's probably good that it's easy for people to walk / bike / bus to this shop, and the shop owner probably does to, but they still may have lost a lot of old customers.
But I'm sure there are people who are downtown anyway (work there, etc.) and who now don't want to walk back to the garage to get their car and drive somewhere for lunch, so they just walk to someplace close by.
So businesses probably lose some old customers, and gain some new. It might be a net positive for them.
You’re hypothesizing that people are purposefully avoiding these streets because they have cars driving on them?
I think the latter is often the case. In many case, I don’t even think it’s conscious: many business owners, especially people who started / inherited successful small businesses in city neighborhoods, moved out to the suburbs for bigger houses/schools/etc. and are thus completely car dependent. It’s very human to assume other people live similarly to you in the absence of evidence otherwise and someone who bikes or walks looks just like someone who drove unless they’re carrying a helmet or something. If you’re in most suburbs, there isn’t a great transit/bike option to get to the shop and so they aren’t even in the habit of thinking about alternatives.
There’s an especially funny thing which comes up all of the time when local advocates actually monitor spots: small shops often only have one or two street spots so the person who works there has a completely different view of the convenience because they almost always get a space when they show up at 7:30am but nobody else thinks of it as easy because the spots is taken and so actual customers would spend longer finding another spot and walking to the store than it takes to walk/bike from within the neighborhood.
I don't know if you live in Manhattan, but there's a far more parsimonious explanation than "business owners are suburban car people": in order to operate most kinds of businesses in the city, you need easy access to deliveries, which means easy parking.
Anyone who has ever tried to arrange logistics for any kind of delivery in NYC knows what a nightmare it is. You routinely see cars and trucks double-parked, because there's no alternative. Trucks park illegally, because the risk of the occasional ticket is cheaper than circling the block for hours.
I can easily see how this would be a subject of top-of-mind importance to any business owner in the city.
Given how annoying parking is, I'll bet that there are also many business owners who would trade some profit for their own ease of parking. Especially given that they have the power to squeeze their employees rather than bear the full cost themselves.
> With fewer cars on the road in the congestion zone, there have been fewer car crashes — and fewer resulting injuries. Crashes in the zone that resulted in injuries are down 14 percent this year through April 22, compared with the same period last year, according to police reports detailing motor vehicle collisions. The total number of people injured in crashes (with multiple people sometimes injured in a single crash) declined 15 percent.
Celebrities, politicians, billionaires all ride the subway all the time. New Yorkers know to keep to themselves out of politeness not safety and honestly are more likely to step up and defend someone famous being harassed than join in. We're all just trying to get to where we're going and the subway is almost always the fastest and most convenient way (not to mention cheapest) to do that.
https://en.wikipedia.org/wiki/Toilets_in_New_York_City
> Compared to other big cities, public bathrooms in New York City are rare, as the 1,100 public restrooms result in a rate of 16 per 100,000 residents. Most public restrooms are located in parks; comparatively few other public spaces, including New York City Subway stations, have public restrooms.
> As of 2022, the New York City Subway has 472 stations, 69 of which have public bathrooms. Several homeless people sued the New York City government and the Metropolitan Transportation Authority (MTA) in 1990, claiming that the city and MTA created a "public nuisance" by failing to provide public toilets. A report by the Legal Action Center for the Homeless, who represented the plaintiffs, noted that of 526 public comfort stations surveyed in parks, almost three-quarters were "either closed, filthy, foul-smelling or without toilet paper and soap." In 2010, there were 133 open restrooms in 81 of the system's 468 stations.
There's a great quote on this: "A developed country is not a place where the poor have cars. It's where the rich use public transportation."
I admit I don't have an answer for this. San Francisco's experiments with nifty self-cleaning public toilets have been expensive failures for the most part. I'm not sure where we go from here, given that the problem seems to be cultural/user-based.
Housing, healthcare, mental health, public transit, unemployment, lead abatement, education - all of these policy levers impact the prevalence of the behaviors you describe.
"Cities like Helsinki and Vienna in Europe have seen dramatic reductions in homelessness due to the adaptation of Housing First policies, as have the North American cities Columbus, Ohio, Salt Lake City, Utah, and Medicine Hat, Alberta."
https://www.npr.org/2015/12/10/459100751/utah-reduced-chroni...
"A decade ago, Utah set itself an ambitious goal: end chronic homelessness. As of 2015, the state can just about declare victory: The population of chronically homeless people has dropped by 91 percent."
https://en.wikipedia.org/wiki/Homelessness_in_Finland
"Finland has adopted a Housing First policy, whereby social services assign homeless individuals homes first, and issues like mental health and substance abuse are treated second. Since its launch in 2008, the number of homeless people in Finland has decreased by roughly 30%,[1] though other reports indicate it could be up to 50%. The number of long-term homeless people has fallen by more than 35%. "Sleeping rough", the practice of sleeping outside, has been largely eradicated in Helsinki, where only one 50-bed night shelter remains."
Having a stable housing situation turns out to make a whole bunch of other related social changes more feasible.
> If by 'mental health' you mean involuntary commitment, then yes, that will do the job
I mean, I'd start with therapy, addiction services, social supports, and the like. But I do think the complete removal of long-term inpatient mental health in the 50s/60s was an overshoot. Some people need that much help.
(I'm not trying to weigh in one way or the other in my comment, but as someone who rides local US transit regularly and has for over 10 years, my patience for using transit as a "solution of last resort" is wearing thin but still remains.)
Obviously there's a significant negative feedback loop here.
It doesn't contend with the fact that having a car is ridiculously useful. It is intensely amusing when I see people in other nations comment on how useful getting a car has been in their daily life. And I don't think people realize just how many cars Americans have.
That is, there may be a caste system, but as this congestion pricing shows, the catch is that we have a ton of cars. And people use them because they are convenient as hell.
Archaeology tells us that for ~ 4000 years, people have tolerated an average of a 30 minute commute.
The usefulness of a city goes up (superlinearly!) with the number of people that can work / shop / live there.
So, the universal metric for any city, and therefore transit system is: “How many people can regularly make use of the city?”
A simple proxy for that is: “How many people live within a 30 minute commute of the city center?”
So, at peak times, how many people can simultaneously get to their destination in NYC in under 30 minutes?
Second: How many of those people can do so during non peak hours?
If congestion pricing is a success on all metrics, then both those numbers will have increased. Those metrics have worked well for 4000 years of cities so they are as close to a natural law as exists for cities.
It wouldn’t surprise me if the numbers went up (or down) but the lack of reporting on “is NYC’s effective population increasing or decreasing as a result of congestion pricing?” makes me skeptical.
Commute times: Faster.
Transit ridership: Up.
Visitors: Up.
There's a real chance that future cash flows from this congestion pricing are going to be securitized for today's cash payments, similar to Chicago parking.
https://www.nbcnewyork.com/news/local/nyc-transit-governor-s...
Maybe we don’t need to burn the planet to “achieve AGI,” in order to “solve climate change,” and, “make cities livable.” It’s not like that tech, even is possible, is going to stop hurricanes or take cars off the streets.
Hope more cities in North America will follow suit. It’s sad how many have been doing the exact opposite of good ideas for so long.
I'm not sure in the case of Manhattan that driverless cars are particularly valuable, and it's very much debatable whether they would be a predictable success for a few reasons.
Inevitably you arrive at a scenario where you have a limited number of them because of course otherwise would be to defeat the purpose of the congestion zone, and then you'll only have certain operators with the right permits able to extract money from moving people. Kind of like the taxi medallion scheme all over again.
One of the best things America could do is to be to reduce reliance and spend on cars. This applies to New York but even moreso to the rest of the country.
I guess it is near a critical point where a relatively small change in traffic results in a large change in travel times, traffic jams, etc.?
EGreg•2h ago
Yet they stay true to economics principles even when they are more lefty and collectively enforced :)
Now imagine what else Pigovian Taxes can do to help solve collective action problems, if we had a UBI and local city currencies: https://community.intercoin.app/t/rolling-out-voluntary-basi...
To quote: Finally, as taxes and fees are introduced in the local economy, the community can start to issue a Universal Basic Income in its own currency, without causing inflation.
Various taxes can be organically introduced, including sales taxes, land taxes 1, and pigovian taxes 3 on things like pollution, fossil fuels, meat or cigarettes. By redistributing taxed money equally to everyone, this can align public incentives with taxing these negative externalities, and avoid them falling disproportionately on the working class, as happened with the yellow vest protests in France.
As demand for the local currency (and thus local real estate and services) grows, so does the town’s ability to tax various transactions. The town’s citizens could be given the ability to democratically vote on the level of taxes, and thus the level of UBI, they want to receive.
Thus the town can have both sound money and true democratic control of its fiscal and monetary policies, all the while becoming more self-sufficient and stronger. Any town will be able to introduce a local UBI to end food insecurity, improve health outcomes, reduce dependence on means-tested welfare programs, and so on.
PS: Why all the downvotes? Why always silent with no reason?
PaulHoule•2h ago
https://en.wikipedia.org/wiki/Corn_Laws
so there is nothing "neo" about their "liberal".
krustyburger•2h ago
PaulHoule•2h ago
https://www.allsides.com/news-source/economist
whereas I see it what the center-right would be if we had a healthy media/political environment.
kristjansson•2h ago
tekla•2h ago
PaulHoule•2h ago
turnsout•2h ago
PaulHoule•2h ago
The term got its current usage when FDR came in because at that time it was a matter of "burn it all down" (real socialism) vs "fix the private property system around the margins".
See https://en.wikipedia.org/wiki/Classical_liberalism
recursive•2h ago
tekla•2h ago
rsynnott•1h ago
I mean, like many things, the meaning of 'liberal' has shifted over the last few centuries, and always differed somewhat between regions anyway. Words in English mean what people use them to mean.
rsynnott•1h ago
EGreg•2h ago
Neoliberalism is a political and economic philosophy that emphasizes free markets, reduced government intervention, and individual liberty. It's often associated with policies like deregulation, privatization, and free trade. Proponents believe these measures foster economic growth, efficiency, and individual prosperity. However, critics argue that neoliberal policies can lead to increased inequality, social instability, and exploitation
And my point was here they were applauding policies involving clear government intervention.
tekla•2h ago
Yes the Economist will do that, because they believe in classical liberal markets
kfajdsl•2h ago
The government has a clear role for internalizing externalities, which makes markets more efficient. Or, in this case, using price signals to allocate scarce resources when it was just a free-for-all before.
jf22•2h ago
PaulHoule•2h ago
criddell•2h ago
jf22•2h ago
jowea•2h ago
EGreg•2h ago
Update: wow you’re right: https://impact.economist.com/sustainability/net-zero-and-ene...
melling•2h ago
https://lomborg.com/news/how-avoid-political-pitfalls-carbon...
montjoy•2h ago
> The views expressed in the blog are the author’s own and do not necessarily reflect the views of Economist Impact or the sponsor.
So not necessarily reflective of The Economist’s position.
jcranmer•2h ago
vkou•1h ago
Modern 'conservatives' abandoning them tells you a lot about how far their politics have shifted over the past decade.
wat10000•51m ago
DangitBobby•2h ago
EA-3167•2h ago
EGreg•2h ago
tekla•2h ago
ch4s3•1h ago
bryanlarsen•1h ago
ahepp•2h ago
Sure, you could crank the Friedman dial to 11 by say, privatizing the roads and letting the operators set the price based on competition.
But the policy is liberal at its core. A “lefty, collectively enforced” policy would be something like a quota or permit system.
A key difference being that anyone who wants to drive on the road can do so as long as they pay. It isn’t “everyone with odd license plate numbers can drive today, evens can drive tomorrow” but rather “you can drive today if it’s worth $9 to you”.
varispeed•2h ago
These policies are aimed at getting unwashed pleb off the roads so the rich can show off their cars in peace.
queenkjuul•2h ago
cute_boi•2h ago
TulliusCicero•1h ago
vkou•1h ago
rsynnott•1h ago
varispeed•1h ago
TheGRS•50m ago
naravara•2h ago
Got it.
varispeed•51m ago
naravara•40m ago
miguelxt•1h ago
varispeed•1h ago
Marsymars•38m ago