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Author: Marc Oestreich

Populism’s War on Capacity
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Populism’s War on Capacity

Over the past two decades, we have been trained either by politics, by media, or by endless crisis rhetoric, to think in fixed pies. When demand rises, we are told someone must be taking more than their share. The industries capable of expanding supply — engineers, industrialists, investors, technologists — are cast as villains before they break ground. In other eras, they won wars, electrified cities, doubled oil output, and built the networks on which modern abundance rests. Today, they are more likely to be hauled before a hearing than celebrated for production. The instinct to increase capacity has given way to the instinct to referee.

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