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The Ezra Klein Show

What We Got Right — and Wrong — in ‘Abundance’

28 Apr 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What is the main topic discussed in this episode?

1.077 - 4.741 Ezra Klein

I'm opening up cross play. I've been playing against Dan, my colleague at the New York Times.

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5.061 - 16.714 Unknown

Kat's played another move. She played stoop for 36 points. I've got a Z, which is 10 points. I'm guessing tanga is not a word. Let's see. Tanga is a word. Oh.

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17.255 - 21.78 Ezra Klein

Dan played his last turn. Let's see who won. It's so close, but I did win.

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22.441 - 30.73 Unknown

New York Times game subscribers get full access to Crossplay, our first two-player word game. Subscribe now for a special offer on all of our games.

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31.334 - 48.426 Ezra Klein

We've got an announcement before we begin the show today. I am going to be hosting a forum on housing and affordability with some of the top California governance candidates on Friday, May 8th. We're gonna discuss why housing in California, my beloved home state, is so damn expensive and what each candidate hopes to do about it.

49.187 - 99.636 Ezra Klein

The event is being co-hosted by the New York Times, Housing Action Coalition, and the Turner Center for Housing Innovation at UC Berkeley and the San Francisco Foundation. Tickets are on sale now, so get them while they're available. We'll include a link and a promo code in the show notes. It's been a little over a year since Derek Thompson and I published the book, Abundance.

99.656 - 120.42 Ezra Klein

Now, the book didn't begin what I think of as the Abundance Movement, but it did mark a kind of kickoff of the idea as both an object in the discourse, something people are fighting over and creating factional wars over, and actually something politicians are claiming and trying to think through how they would turn into policy.

120.4 - 138.865 Ezra Klein

Actually, being part of this has been a bit of a wild ride on a bunch of levels. It has created fights I didn't expect, opportunities I didn't expect. It can be a very weird experience. But I've been really wanting to come back to Abundance. been a little distracted from it by the million things Donald Trump is doing.

139.486 - 154.913 Ezra Klein

But if this is to become something more than a synonym for efficiency, if it's to become part of a vision for a better world, I think there's some success to build on, but a whole lot more that actually needs to be done.

Chapter 2: How has the abundance movement evolved since the book's release?

549.488 - 566.494 Mark Dunkelman

And now I think we're beginning to say, many of us on the far left and in more moderate circles, like we need government to function just sort of generally. And I think like that was not a conversation we were having 18 months ago in nearly the same way.

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566.525 - 582.694 Ezra Klein

All right, so both of you are speaking more in the grand march to triumph register here. So I'm going to come in with things I'm more worried about. So I probably agree with a lot of what you said, Derek, but at the level of vibes...

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582.674 - 608.833 Ezra Klein

Abundance has been more factionally controversial in the Democratic Party than I would have expected and has cut into it in ways that I wouldn't expect it, sort of setting off a big populist liberal fight. And I think whether or not that fight is constructive and whether or not the syntheses that come out of it are constructive is unknown as of yet.

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609.488 - 627.92 Ezra Klein

My absolutely biggest worry, though, is not the critiques of abundance outside the tent, but a kind of small ballness that I see emerging inside the tent. That when I think about failure modes for what this could be and what it could be becoming.

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628.621 - 653.4 Ezra Klein

It's that abundance ends up as a synonym for efficiency, that we've rebranded an agenda for state capacity, that it's just, I always hear people like, I don't disagree with cutting red tape, as if like all abundance is is about cutting red tape, as opposed to an actual radical vision of plenitude. And I think something that neither of our books ended up doing all that well

653.38 - 676.588 Ezra Klein

was really describing what that vision of the future would look like. You imagine a candidate running for the Democratic nomination in 2028 or running for the presidency in 2028. What are the ways that they describe what this abundant future is to look like? Is it you're promising to build just 5 million houses? Does that mean anything to anybody?

676.608 - 697.613 Ezra Klein

How do you make clean energy abundance a concept that people can actually feel? How is that something people are excited about? And then this goes to another thing that I think is going quite poorly, actually. The back half of abundance is, you know better than anyone, is about trying to build a progressive politics of technology.

698.354 - 717.029 Ezra Klein

And I think the way particularly the AI conversation has gone and the often quite merited anger that is building at AI leaders and AI companies, I see that as actually farther away than I did at the beginning of 2025. So with all that on the table, our book begins with housing.

717.269 - 733.037 Ezra Klein

I think housing is the place where you see the most legislative action, where you see the most governors and politicians talking about it. A lot of the examples in the book are from California, where I'm from, where I was when we wrote much of the book. The governor of California, Gavin Newsom, has very much embraced the abundance critique.

Chapter 3: What legislative changes have been influenced by the abundance concept?

1430.069 - 1454.575 Mark Dunkelman

And then we switched horses, right? We decided we didn't like that model because in many cases it was abusive to people who lived in communities that were bulldozed or they were discriminatory or they were not sensitive to what was happening in the environment. So we created over the course of 50 years a whole series of laws that put new checks on those who would build housing.

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1454.555 - 1476.53 Mark Dunkelman

And we're now beginning to try to dial back the number of veto points in the process. And you're right. It's been 10 years of small board changes and now I think more substantial changes. But I do think that you're going to see, you know, I'm from Rhode Island. We've got a bunch of more housing starts than we had.

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1477.051 - 1489.869 Mark Dunkelman

And that, like, I understand that it's not the immediate satisfaction of suddenly we have 5 million more units across the country. But it is, like, it's a different discussion among progressives. And that feels to me like a sea change.

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1490.429 - 1520.522 Ezra Klein

So something that I read about in our housing chapter was the... anger in the 60s and the 70s that america was just getting uglier the term ticky tacky comes from you know the song about the uh housing in daily city like you know not too far south from san francisco little boxes on the hillside little boxes made of ticky tacky little boxes little boxes little boxes all the same

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1520.772 - 1549.51 Ezra Klein

You had the accurate view that a lot of forests and rivers were being despoiled. And the growth machine, government construction, all of it, the public lost a kind of faith in it. Because instead of this building making their surroundings more livable and more beautiful, it just became these soulless, grayish buildings. you know, mixed use, anonymous, you know, construction.

1549.55 - 1557.816 Ezra Klein

And so actually one thing that has been very, very badly underplayed here is the centrality of aesthetics in whether or not people want to build.

1558.572 - 1574.978 Derek Thompson

I don't know that I buy this idea at all. At least I think it's incredibly underpowered as an explanation. So the claim on the table seems to be that Americans in 1950s and 1960s turned against the growth machine as you described it, primarily out of an aversion to the ugliness of the world.

1574.958 - 1595.194 Derek Thompson

Ugliness is not the word that I would use the word that I would use is environmental degradation I mean the environmentalist movement of the 1960s and 1970s was about the fact that people were dying from the air and dying from the water that's not a question of aesthetics that's a question of health.

1595.174 - 1616.76 Derek Thompson

If you wanna understand why it's easy to build in Texas, but difficult to build in California, and all you have is the beauty explanation, well, then you're essentially saying that continued building in Texas is made possible because Houston is so damn beautiful. Houston is not so damn beautiful. The reason that it's easy to build in Houston, I think, has very little to do

Chapter 4: What are the criticisms of the abundance movement?

1866.937 - 1873.686 Ezra Klein

Price controls creating political momentum for supply increases. I want to play a clip of Mamdani here speaking in March.

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1874.327 - 1897.932 Unknown

We're all here together today for an announcement. where we launched the Neighborhood Builders Fast Track. What this means is that we are creating a pre-qualified roster of developers. And in doing so, we are going to cut down on pre-development time for new projects from 18 months to 10 months.

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1898.958 - 1922.908 Unknown

Now, when you couple that with the referendums that were passed just late last year, that means that we are cutting down on the time it takes to build affordable housing in this city by up to two and a half years. And I say that to you in a city where we know that time is money. Yes, sir. Where we know that too many of these kinds of press conferences have then been followed by years of waiting.

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1923.649 - 1938.28 Unknown

And New Yorkers cannot afford to wait any longer. And so what this means in a tangible sense is the creation of 1,000 additional affordable housing units on city-owned land across our city.

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1938.698 - 1960.634 Ezra Klein

Here's what I like about that clip and that I think reflects something bigger happening across democratic policymaking, which is a recognition that speed matters. And in a way that was, I think, not admitted, a lot of policymaking actually took the view that delay was good. The delay was good because policy is complicated. Its effects are complicated.

1960.674 - 1980.071 Ezra Klein

And what we need is a lot of process and time to surface information, to surface objections, surface concerns. You can really see this in the way environmental reviews are conducted. You can see this in the way that housing is built. And I don't think we often say like delay is good, but in practice, we believed delay was good.

1980.852 - 2000.874 Ezra Klein

I mean, there you have a democratic socialist out there saying as a applause line, time is money. And I think the sense that like speed is progressive, it's more affordable, but also it allows you to deliver at the timeframe of elections and show government making a difference in people's life. That is a principle that I am seeing people take more seriously.

2000.914 - 2018.232 Ezra Klein

I'm not saying that's just our fault or anything of that nature. But I think it's actually really important. And recognizing the delay is corrosive to democracy because you can't feel government in your life is a really, really, really important shift for democratic side policymaking to make.

2018.994 - 2041.468 Derek Thompson

Mark, you've written about this explicitly. Among liberals, input was considered a costless virtue. It was considered costless to have long periods of input, to prize input, to say that the ultimate expression of democracy is people standing up and telling their city council, don't build this thing anywhere close to me. That was seen as more democratic in some places.

Chapter 5: How can government efficiency be improved to support abundance?

3268.939 - 3291.862 Ezra Klein

And so I think then you get into two things that are more substantive. One is that I think when you are talking about building things – and this is a book about building things. This is a movement about building things and typically building them in the real world – You are necessarily forced into a complex relationship with corporations and functionally everything else.

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3292.923 - 3311.263 Ezra Klein

Because first, things are built by corporations. Most things will continue to be built by corporations. Whether you're talking about drug development, where there is a mix of obviously public research, but then the pharmaceutical industry actually does do a huge amount of drug development and you're not, nobody has a theory of getting away from that.

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3311.243 - 3336.32 Ezra Klein

To when you're talking about building commercial buildings, often building housing, decarbonizing, almost anything you can think of that needs to be built at a large scale is going to be built in part by corporations. So you need to find a way to align corporate energy with your program. just sort of being anti-corporate as an orientation isn't going to work.

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3336.34 - 3359.323 Ezra Klein

And so I think that's one other reason why I've always said that the theory of power in abundance is liberal in the sense that it believes power can concentrate poorly anywhere. It can concentrate poorly among corporations, in government, among unions, in neighborhoods, that there is no safe concentration of power. But here's where I think if I could add your chapter seven, I probably would.

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3360.4 - 3384.113 Ezra Klein

Yeah, Mark, I take your point that a lot of the things we focus on in the book, or frankly, that you focus on in your book, corporate concentration isn't the reason the transmission lines aren't getting built. And it's not the reason that housing isn't getting built in this or that city. But one thing that we are at a principles level arguing for is

3384.228 - 3412.149 Ezra Klein

is that government should be stronger, more capable of being decisive, and then more capable of turning those decisions into actual concrete and steel and law and so on. And the way money affects politics at its highest levels, from state houses to the federal government, I wouldn't have really thought of a campaign finance reform chapter in the book the way we initially conceived of it.

3412.45 - 3436.037 Ezra Klein

And also because I have a bunch on campaign finance reform in my first book. In my own head, I'm like, I've covered this. But I think the place where I think you could have put in a chapter seven, I think the place where, on the one hand, I think progressivism already has the right view on this, but it has not been able to instantiate this view into policy, is the more powerful government is...

3436.017 - 3459.173 Ezra Klein

the more worried you have to be about the distorting influence of money inside of it. And so a political system as porous to money as the one we have currently is becomes very dangerous. So I just put out a podcast about or with this congressional candidate, Alex Boris, who is running for Congress in New York.

3459.153 - 3475.187 Ezra Klein

And, you know, this kind of super PAC that is funded by co-founders Palantir and OpenAI and Andreessen Horowitz is like dumping money to destroy him. And Boris is a former employee of Palantir. But what's going on there is he wants to regulate AI.

Chapter 6: How do corporate interests affect the abundance agenda?

3565.924 - 3595.135 Derek Thompson

And what we saw between 2024 and 2025 is that billionaires contributed, by some estimations, between 10, 15, and 25% of total campaign spending. then got a president that cut taxes for the top 0.1% by an average of $300,000 and paid for it by the largest cuts to Medicaid, healthcare for low-income people in American history. That is...

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3595.823 - 3600.888 Derek Thompson

That is a terrifying vision of the future of plutocracy, if that's an omen.

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3601.468 - 3623.89 Derek Thompson

And if you look at the direction of billionaire incomes made possible by the rise of technologies like AI, which are currently in private markets, which means that retail investors do not even have an opportunity to benefit from the tripling and triple quadrupling and decatoupling of anthropic and open AI's enterprise value,

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3623.87 - 3643.857 Derek Thompson

That clearly points toward a world in which billionaires have an enormous amount of political power. And that scares me. And I don't have a perfect solution to it. It's something I'm thinking about a lot right now. I had a conversation on my own podcast with Gabriel Zuckman about the feasibility of billionaire taxes, which are their own can of worms.

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3643.938 - 3647.903 Derek Thompson

But I think it's absolutely a problem we need to think about more in the next few years.

3647.883 - 3674.006 Mark Dunkelman

I guess I'm sort of struck by the degree to which we're avoiding this sort of central question, which is who should be making big decisions, right? Like in the 50s, 60s, like there were these public figures like Robert Moses or like Robert McNamara who were purportedly speaking for the public interest. And progressivism turned against that model.

3674.227 - 3692.436 Mark Dunkelman

We become culturally averse to power almost no matter where it is. And that means we don't like billionaires, but we don't like autocrats. We don't like powerful bureaucrats. Whoever is making the decision, our solution in every case is move the decision-making power somewhere else.

3692.416 - 3712.402 Mark Dunkelman

without really thinking like, well, what is the system we think would be fair to get to an expeditious decision that actually does serve the public interest? And I think we can have conversations about the influence of money in politics, but like fundamentally what we need is government to be competent in small doses so that we can grow from that.

3712.743 - 3728.65 Mark Dunkelman

The promise of abundance is that we will re-empower government to be able to make decisions expeditiously sort of across the board. And we should hold the public figures who are making decisions accountable through elections. But like, ultimately, the proof of the pudding is in the eating.

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