How Smashing The NIMBYs Created Modern Capitalism

# Summary The Glorious Revolution of the 17th century enabled England's Industrial Revolution by simplifying fragmented property rights through Parliament, allowing infrastructure and agricultural investments that other European nations couldn't achieve because their monarchs remained dependent on aristocratic landowners who blocked reform. While Europe stagnated economically between 1500-1800 due to complex property systems and splintered land ownership that discouraged innovation, England's political shift created the conditions for sustained economic growth and rising living standards. The article suggests that modern Western nations face a similar problem of fragmented rights and "vetocracy" that could be solved through a comparable political restructuring.