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The rise of populism and increasing inequality have led to widespread questioning of democracy and capitalism. Glen Weyl, a political economist and Principal Researcher at Microsoft, along with legal scholar Eric Posner, published a book called ‘Radical Markets’. Radical Markets explores how restructuring property rights and voting systems could lead to more efficient markets and a more just society. Glen joined us to discuss the book and why the blockchain space is a fertile testbed to explore these radical new ideas.
Topics covered in this episode:
Why blockchain is on a trajectory to exacerbate inequality and fail at improving the worldWhy property should be seen as a monopolistic institutionHow property rights create inefficient marketsThe radical idea of transforming property rights via a Common Ownership Self-Assessed Tax (COST)How the one-person-one-vote system contributed to the crisis of democracyHow quadratic voting works and leads to fairer outcomesWhether or not buying of votes should be allowed in QVHis work with Vitalik and radical markets experiments in blockchain Episode links:
Radical Markets Glen Weyl Website Property is Only Another Name for Monopoly (2017) On Radical Markets - Vitalik Buterin Book Review Liberation Through Radical Decentralization – Post by Vitalik & Glen This economist wants to abolish private property using blockchain | Wired This episode was hosted by Brian Fabian Crain, and is availble on YouTube, SoundCloud, and our website.
