Recently, the Center for Progressive Reform (CPR) launched its Beyond 12866 initiative, which seeks to promote progressive regulatory reform as a key component of the progressive movement’s efforts to build a more socially just and equitable America. To accomplish this goal, though, we must come to grips with how the regulatory system is perpetuating racial injustice and reinforcing race-based inequities. In a new web article, I take this first step by sketching out some of the ways in which cost-benefit analysis has contributed to structural racism in the broader regulatory system.

As the piece explains, regulatory cost-benefit analysis purports to adhere to a kind of “moral objectivity,” which precludes considerations of important American values like equity, justice, and fairness. Conveniently, this studied “see no evil” approach has rendered the methodology an effective conduit for injecting racism into regulatory decision-making – much as facile claims of “color blindness” have helped provide cover for policies with racist effects. In particular, false objectivity enables racism to be smuggled in at two key steps in the cost-benefit analysis process: (1) constructing the analytical baseline and (2) the identification and evaluation of discrete potential policy impacts.

Another defining feature of cost-benefit analysis contributes to its …