2026-04-30 19:18:46
The Breakthrough Institute (BTI) found that “just 10 organizations initiated 35% of the total NEPA cases brought by NGOs.” The Sierra Club and its local chapters alone were responsible for more than 14% of these lawsuits. The dominance of a small number of groups is more pronounced in forest management and energy cases; only 10 groups filed 67% and 48% of these cases, respectively. In BTI’s “The Procedural Hangover: How NEPA Litigation Obstructs Critical Projects” follow-up, which expanded the analysis to district and circuit court NEPA cases, Alliance for the Wild Rockies and the Center for Biological Diversity were responsible for 24% of all litigation against public lands management decisions.
To paraphrase Alex Tabarrok, federal environmental agencies seem to exist to manage the obsessions of a tiny number of neurotic—and possibly malicious—environmental NGOs.
Grant Mulligan’s excellent post shows in detail how environmental groups use the courts to block projects—including environmental projects. But Mulligan finds that a disproportionate share of the lawsuits come from a handful of relatively small organizations. A textbook case of the tyranny of the complainers.
The lawsuits give environmentalists a bad name but the key point is that many environmental groups are not reflexively anti-development.
What are the largest environmental groups doing with their money if not suing to stop development? Two of the three biggest, the Wildlife Conservation Society and San Diego Zoo Wildlife Alliance, primarily operate zoos. Land trusts like TNC, The Conservation Fund, and Ducks Unlimited protect land directly. Many also work on research and policy to varying degrees. Contrary to the typical narrative, many operate pro-market, abundance-style projects.
TNC has several programs that align with the abundance agenda. TNC’s Power of Place research and policy work is aimed at facilitating the build-out of renewable energy and transmission infrastructure. The idea behind the research is to identify and speed the permitting and development of renewable energy projects that won’t interfere with important conservation areas. The Bureau of Land Management (BLM) used the research as part of its Western Solar Plan, which aims to promote solar development on public land. TNC also wants permitting reform, and their mapping efforts are an example of what environmentalism that builds could look like — identify critical habitats that need protecting and guard them closely while unleashing building everywhere else.4
While the tyrannical minority has held up forest management projects, TNC has been an advocate and practitioner of forest thinning and prescribed burns to prevent catastrophic wildfires for more than 60 years. In California, they’re part of a coalition working to thin millions of acres of overgrown forests.
TNC isn’t alone. Audubon’s renewables siting work, Ducks Unlimited’s water infrastructure projects, and the Conservation Fund’s Working Lands programs all follow the same pattern of balancing environmental protections with economic imperatives. Plenty of green groups agree, as Larry Selzer, Conservation Fund’s President and CEO, says in Abundance by Ezra Klein and Derek Thompson, “we have to build, and build, and build.”
I’m not trying to defend all the choices of TNC or suggest that the big environmental NGOs don’t promote their share of bad policies. I had plenty of discussions with degrowthers when I worked at TNC that made me want to pull my hair out. I’ve also written about the need for environmentalism to be more positive-sum in frustration over zero-sum environmental positions. But on the whole, environmentalists have been made too convenient a villain by abundance advocates. Environmentalists aren’t as uniformly obstructionist, degrowth, and misanthropic as commonly believed.5
Understanding that only a vocal minority of environmentalists are anti-progress procedural complainers is important because abundance advocates and environmentalists aren’t natural enemies—and assuming they are serves neither side.
The post Pro-Development Environmentalists appeared first on Marginal REVOLUTION.
2026-04-30 15:19:06
Mr Bessent’s bullishness notwithstanding, this month his department released a proposal that would treat stablecoin issuers as financial institutions for the purposes of anti-money-laundering and know-your-customer laws. This means adopting the same onerous monitoring and compliance procedures as banks, adding to the cost of launching and managing a new coin.
Here is more from Buttonwood at The Economist.
The post Stablecoin sentences to ponder appeared first on Marginal REVOLUTION.
2026-04-30 12:26:56
Here is the audio, video, and transcript. Here is part of the episode summary:
Tyler and Craig discuss why webpage design has gotten worse for 30 years, what Craig’s “obsessive customer service disorder” taught him about human nature, why trusting people and maintaining a nine-second rule for scams aren’t as contradictory as they sound, why roommate ads are a better way to find love, why Craigslist never added seller evaluations, why Leonard Cohen speaks to him more than Bob Dylan, what William Gibson’s Neuromancer got right about the internet, why Jackson Lamb is now one of his role models, why large foundations lose accountability, what two painful Ivy League grants taught him philanthropy, what he gets from rescuing pigeons, the hard lesson he learned about confronting people who lie for a living, his favorite TV shows and movies, the one genuine luxury he can’t go without, what he still needs to learn, and much more.
Excerpt:
COWEN: What is scarce in your life then? You’re giving away money. You don’t have to run the company on a day-to-day basis. We’d all like more years to live, but what is it that if you had more of it, you could be more effective with?
NEWMARK: I guess, ideally, I would have more social skills—meaning, some.
COWEN: We’re simulating social skills just fine here.
NEWMARK: That’s the phrase I use. At least on my part, what looks like social skills is just fakery. I can do it for short amounts of time, maybe 90 minutes. I’ve given up, though, on actually accumulating social skills, getting better at it. More to the point, I try to get into positions where other people can show social skills.
COWEN: One journalist once described you as having “obsessive customer service disorder.” Isn’t that a social skill?
NEWMARK: That’s more obsession, so it’s pathological, but a good one. I believe that you should treat people like you want to be treated. Think of the many times that you needed customer service. Sometimes you can get good customer service, but that’s the exception. That’s no reason for us not to provide a good customer service. Like earlier today, someone sent in a grant proposal, and I had to tell them that they forgot to sign the thing, a very minor thing. More importantly, I’m telling people they need to do some planning for good communications because their work is much less valuable if they can’t talk about it effectively.
COWEN: According to Susan Freese, who wrote about you, in one year, you answered 40,000 customer service emails. Is that possibly true? If so, what did you learn about humanity doing that?
Recommended, charming and engaging throughout.
The post My very charming Conversation with Craig Newmark appeared first on Marginal REVOLUTION.
2026-04-30 01:04:43
2. Will MacAskill and Rob Wiblin podcast.
4. Nick Pope died too early (NYT).
5. Estimating the returns to education, adjusting for genes.
6. Professor Slop.
8. Beyond the valley of the goblins.
The post Wednesday assorted links appeared first on Marginal REVOLUTION.
2026-04-29 19:19:59
Jesús Fernández-Villaverde, one of the few economists in the world equally at home solving stochastic dynamic optimization problems as with sociological theory and history, has an excellent series of twitter posts on capitalism and modernity.
JFV: I have been reading (and re-reading) a lot of social theory.
What strikes me is that most critics of “capitalism” (whatever “capitalism” might mean, and regardless of the value of those critiques) are really critics of modernity, understood as the organization of society around technology, formal institutions, and rational criteria.
I teach the economic history of the Soviet Union and socialist China, and all the pathologies (pollution, reliance on fossil fuels, inequality, depersonalization, consumerism, alienation, you name it) that you can find in a poor neighborhood of 2026 Philadelphia appeared in the same way, or even more, in a factory in Leningrad in 1970 or on a collective farm in Jiangsu in 1978.
Critics seem to lack a vocabulary (or, if you prefer, a cognitive framework) for distinguishing “capitalism” from modernity. For example, people everywhere tend to link personal relationships to displays of consumption. There are likely deep evolutionary reasons for this. De Beers did not invent spending a lot of money on a useless engagement ring: it rode a pre-existing disposition into a particular form of consumption. Couples in Leipzig in 1982 were as interested in conspicuous consumption as those in Chicago in 2026. Talking about “Love and the Cultural Contradictions of Capitalism” misses the point completely.
Of course, you can try, as some of the more perceptive Trotskyists did, to argue that the Soviet Union or China were not truly socialist countries, but this is just a lazy application of the “no true Scotsman” fallacy, and, consequently, their complaints failed to gain much traction outside some departments of cultural studies.
But this is not just a matter of poor analytic skills, as bad as those are. More importantly, it means that 99% of the policy proposals activists put on the table to correct the problems of “capitalism” are doomed to fail because they do not understand where the root cause of the phenomena they complain about lies.
I see this at the university. Do you think the corporation you deal with is self-serving and incompetent? Wait until you need to deal with the Graduate School at a private Ivy League university. The incentive problems (asymmetric information, career concerns, lack of timely feedback, pressure toward conformity) that cause dysfunction in the former are even more pronounced in the latter because of the absence of a profit motive, the sharpest disciplinary mechanism.
At a very fundamental level, Marx got modernity wrong; Weber got it right. Time to spend much less time with Marx and much, much more time with Weber.
Here’s the second post:
Many readers yesterday asked for more concrete examples of what I have in mind regarding the distinctions between features inherent to modernity and those inherent to “capitalism.”
Imagine we have a functioning socialist commonwealth. For simplicity, I will call it the SC.
Imagine also that this SC aims to provide state-of-the-art medical care to its citizens. This is not about superfluous consumption. It is about the desire to provide good preventive care, adequate treatment, palliative care, and so on.
Soon, you realize that you need the scientific-technological complex that develops advanced mRNA vaccines and, even more importantly, the industrial capacity to produce tens of millions of doses at short notice when a new virus arrives or an old one mutates. These are sophisticated processes that involve coordinating millions of individuals with diverse knowledge, skills, and personalities.
But it does not stop there. You will need to produce thousands of MRIs, scanners, FLASH radiotherapy machines, and all the bewildering array of equipment you find in a top hospital.
And I insist: wanting to be treated with the latest oncological equipment if you get cancer is not frivolity. It is a deep human desire that a good society (any society, really) should attempt to provide.
How are you going to accomplish all this? An SC does not want to use private property, so it relies on some form of public property. But public ownership is not the main issue. The real issue is that the SC would need to organize large bureaucratic organizations. Without them, it cannot develop and deploy vaccines, MRIs, scanners, and the rest. The need to scale is the key mechanism at play, not who owns the property.
And, because of their scale, these large bureaucratic organizations will suffer the type of problems that critics of “capitalism” attribute to “capitalism.” The organization will be impersonal and alienating, and inefficient due to career concerns, asymmetric information, conformity effects, and internal politics.
Moreover, because resource constraints hold in every human endeavor, some claims for medical treatment will be denied. The SC will not have enough resources to satisfy every medical demand (and medical demands are, for all practical purposes, unlimited), every demand for education, every demand for the environment, and every demand for this or that worthwhile cause. Sorry, yes, scarcity will always be with us, with or without AI.
Patients whose requests for medical treatment are denied will be particularly annoyed because the SC is built on the idea that such events cannot happen. At least in a “capitalist” society there is someone to blame (the “capitalist”).
Those who deny the need for large bureaucratic organizations are living in a fantasy world. I am pretty sure the day they are told they have prostate cancer, they will run to their closest large bureaucratic organization for treatment.
Those who deny the problems of large bureaucratic organizations, and how deeply irresoluble those problems are, have not seen how not-for-profits work. I have never seen more acrimonious fights than within not-for-profit organizations, where some shared sense of the common good unites members. The fights are fierce precisely because profits play no role.
I have been reading about these issues for nearly 40 years, and I have seen plenty of proposals to address the problems of large bureaucratic organizations. A favorite among many is “participation” or “more democracy” within the organization. No, sorry, more “participation” or “more democracy” only makes things worse. Yugoslavia taught us that you cannot run a large bureaucratic organization based on democratic participation (well, you only need to know some basic economics; Arrow’s impossibility theorem, anyone?).
Large bureaucratic organizations are essential to modern life, and they are full of problems, with or without “capitalism.”
This is what Weber understood and what Marx, who had an incredibly naïve view of the future, never grasped. Weber saw that bureaucracy is not a feature of “capitalism” but the institutional form modern society uses to coordinate large-scale tasks under rational, impersonal rules. Hospitals, ministries, armies, universities, and, yes, corporations all converge on the same form because it works at scale. The iron cage is not capitalist. It is modernity.
The third excellent post on whether capitalism created modernity which criticizes Quine and the analytic-synthetic distinction (!) is here.
The post Capitalism and Modernity appeared first on Marginal REVOLUTION.
2026-04-29 15:13:22
One of the best selling points of a night out at the movies has long been how cheap it was for two hours-plus of entertainment. Not so much when it costs $50 a ticket.
That is how much Regal Cinemas recently charged for opening night seats in the best theaters to see December’s “Dune: Part Three.”
Eye-popping prices for the most in-demand movies on the best screens are becoming increasingly common as the cinema industry copies the audience-segmentation playbooks of airlines and hotels. Theaters are getting people who love movies and have discretionary income to pay substantially more.
Some 17% of film tickets sold last year were for premium-format theaters with bigger screens and better sound, compared with 13% in 2021. They cost an average of $18 nationally, according to research firm EntTelligence, and as much as $30 in big cities such as New York and Los Angeles.
$50 still seems too low for me, for instance: “Regal sold its inventory of $50 “Dune” tickets projected in 70 millimeter IMAX film in a matter of minutes.” But this is what they call “a good start…” Here is the full WSJ piece.
The post Are we finally seeing some market clearing prices for movies? appeared first on Marginal REVOLUTION.