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It seems like it would definitely hurt economic competitiveness relative to our economic rivals who have top-down control (to whatever degree that confers an a
by marcusverus 5y ago
It seems like it would definitely hurt economic competitiveness relative to our economic rivals who have top-down control (to whatever degree that confers an advantage). But it would also allow us to avoid some disadvantages of top-down governance. In the current federal system, it isn’t difficult to imagine the implantation of something like a national rent control bill (which, though productive fodder for populist politicians, would cause a rash of predictable economic problems), whereas it would be impossible to imagine the same change (and the related problems) occurring nationwide if said policy had to be adopted at the state level.
It would also allow the states to serve their original role as “the marketplace of ideas”. One could imagine Oregon implementing state-run healthcare or a UBI, or Kansas implementing the “Fair Tax”, whereas now the states look to the federal government to implement these sorts of large policy changes.