Breaking the Vetocracy: How Regulatory Reform Sparked Capitalism's Rise

This article draws a compelling parallel between 17th-century England's property rights reforms (the Glorious Revolution) and modern regulatory obstacles that stifle economic growth. By simplifying fragmented property systems, England enabled infrastructure investment and agricultural innovation, catalyzing the Industrial Revolution. The piece argues that today's developed nations face similar regulatory paralysis through NIMBYism and veto-driven governance, suggesting that regulatory clarification could unlock similar economic revitalization.