This should result in less hoarding and speculation of scarce resources, and more efficient and equitable allocation. A lot of wealth is captured by a few individuals by 'rent' on physical land, intellectual property, pollution 'rights', and other common property that has been enclosed - ThreadSky

basalisk.bsky.social • 15 days ago

This should result in less hoarding and speculation of scarce resources, and more efficient and equitable allocation. A lot of wealth is captured by a few individuals by 'rent' on physical land, intellectual property, pollution 'rights', and other common property that has been enclosed

Comments

basalisk.bsky.social•15 days ago

This links to another of my beliefs. I'm not anti-market like a lot of leftists following Marx are. I think that it's a good tool for allocation and distribution. It does have flaws, and there are failure modes, but it is a distributed algorithm for the economic calculation problem that mostly works

basalisk.bsky.social•15 days ago

Those failure modes are things like when there is monopolisation, or it's dealing with externalities, information asymmetry or goods that should not be traded. This is where regulations are good, and I prefer a Pigouvian to a Coasian solution

basalisk.bsky.social•15 days ago

I'm a sortitionist. I believe that elected bodies are prone to electioneering and corruption, but they are a good way of having the people's voice heard. They should be complemented with a body that is randomly selected from the population, to give thumbs up or down to proposed laws

basalisk.bsky.social•15 days ago

I say this because elected bodies, such as parliaments and congresses, are made up of people that try to get elected, sometimes by doing 'whatever it takes'. There's opportunities for others to corrupt them by helping with electability in undue ways.

basalisk.bsky.social•15 days ago

On the other hand, there's no better way I know of for people in general to express the direction they wish their government to go. I'm not sure a vote every N years for either evil or diet evil parties is a great expression of this. Perhaps voluntary voting on individual matters might work

basalisk.bsky.social•15 days ago

But I think a randomly selected sample of the population that can assent or veto legislation would provide a better representation of the people being sovereign than a single monarch or head of state acting in this role

Posting Rules

Be respectful to others
No spam or self-promotion
Stay on topic
Follow Bluesky's terms of service

Comments

Posting Rules

Reply