In United States public policy, supply-side progressivism is a political ideology that emphasizes increasing the supply of essential goods and services, such as housing, healthcare, and higher education, in order to make them more abundant and affordable.
They also advocate for more investment in research and development for technologies such as sustainable energy sources in order to increase abundance and reduce costs over time.
[1] In the United States, supply-side economics has historically been coded as right-wing, and used to justify cutting taxes for the wealthy and reducing government regulations.
[7] In 2017, Neil Irwin of the New York Times wrote about increasing the US labor pool in his article "Supply-Side Economics, but for Liberals", including via the earned income tax credit and child-care subsidies.
[9] The Niskanen Center published a report about "cost-disease socialism", expanding on Baumol's cost disease, citing examples in healthcare, higher education, housing affordability, and childcare where supply-side solutions can be impactful.
[12] In January 2022, a think tank that supports supply-side progressivism, the Institute for Progress, was launched,[13] funded by Open Philanthropy and Tyler Cowen's Emergent Ventures.
[14] Conventional progressivism focuses on policies that redistribute wealth or subsidize access to basic goods, such as universal healthcare and housing vouchers.
This can come in the form of research, development, or implementation sponsored directly by the government, and prizes provided to people or companies who solve specific problems.
Supply-side progressivism attributes the high cost of housing in many coastal cities to regulations such as zoning laws that prevent the construction of larger apartment buildings with more homes.
[26] An example they give is that clean energy technology has been stymied by regulatory difficulties in acquiring building permits for solar or wind plants.