Zoning: America’s Local Version Of Crony Capitalism

[Originally published by Forbes]

 

When people hear “crony capitalism,” they usually envision corporatist policy at the higher levels of government. It might be the federal Export-Import bank subsidizing Boeing, or Nevada granting Tesla tax breaks. But perhaps the most common form is the kind occurring in your own backyard. In many U.S. municipalities, zoning codes have evolved from reasonable public protections into regulatory cobwebs that benefit the rich over the poor. If a crony system is, according to Investopedia, one where “instead of success being determined by a free market and the rule of law, the success of a business is dependent on the favoritism that is shown to it by the ruling government,” then zoning is cronyism’s localized version…[read the rest at Forbes]