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Land is not scarce in the US. My road trip through Nevada to Salt Lake City convinced me of that much. What is scarce is land people actually want to live in - with safe neighborhoods, good schools, restaurants, shops, etc. Restrictive zoning and NIMBYism is definitely making this worse. I don't think the amount of "unexplored" or "undeveloped" land is a good metric for social mobility. Economic growth is. New "frontiers" are created all the time. They do not have to be in the physical world (e.g. computers, the web, biotech, the App store, social media influencer, crypto, and now AI). Even in the physical world, frontiers can sometimes expand. Desirable land can be created in the middle of a desert (e.g. Las Vegas), we just don't want to anymore. Despite its many flaws, I think the US is still better than pretty much anywhere else in the world. |
Cities can outbid agriculture, but the water rights market is complicated.
A better example might be the California Forever project which seemingly had this figured out, but was blocked because they couldn't get permission.