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If you think of the market as another democratic institution (albeit with another set of principles for what's considered fair), could this be a step towards ad
by CuriousSkeptic 9y ago
If you think of the market as another democratic institution (albeit with another set of principles for what's considered fair), could this be a step towards addressing both? (A market is afer all just another way to try and select preferences fairly and effective)
I've long found it an interesting idea to allocate limited capital assets (aka land) in a similar manner, select best use (aka owner) through highest bid (aka vote), but offset the opportunity cost, and rent extraction, by expressing said bid in a rent paid as a public dividend.
Perhaps when discussin public policy decision by means of voting with your wallet it opens the door to also discuss market decisions as a democracy implementation.
(Oh well, I have a 58-page paper to read to see if this comment was entirely of topic)