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Interestingly, this is something that pirates (yes, maritime pirates) actually figured out several hundred years ago. They had the problem of trying to run fair
by ryandvm 7y ago
Interestingly, this is something that pirates (yes, maritime pirates) actually figured out several hundred years ago. They had the problem of trying to run fairly large organizations in a particularly extralegal environment. (It's hard to sue your manager for not paying you when the legal system would frankly rather see all of you hanged.)
For pirates, the solution was multifaceted, but the most critical components were:
* Profit sharing - The riches captured by a pirate vessel were split amongst the pirates in a remarkably egalitarian model.
* Democracy - The Captain and Quartermaster of a pirate ship were elected democratically by the crew.
The result was pirate ships were able to outfox the established navies of the time and manage ships with crews upwards of 100 all without the support of established judicial systems.
Disclaimer: I am one of the co-founders of a design and development studio based on these exact same principles:
https://www.fountstudio.com/blog/yes-we-have-a-pirate-code-1aa1b2e02bf6 https://www.fountstudio.com/blog/yes-we-have-a-pirate-code-1...
- vageli 7y ago> For pirates, the solution was multifaceted, but the most critical components were: * Profit sharing - The riches captured by a pirate vessel were split amongst the pirates in a remarkably egalitarian model. * Democracy - The Captain and Quartermaster of a pirate ship were elected democratically by the crew. > The result was pirate ships were able to outfox the established navies of the time and manage ships with crews upwards of 100 all without the support of established judicial systems. This is fascinating to me. Do you happen to have any references or further reading you're willing to share?
- ryandvm 7y agoDefinitely, I highly recommend Peter Leeson's book on the subject, The Invisible Hook: https://www.amazon.com/Invisible-Hook-Hidden-Economics-Pirates/dp/0691150095 https://www.amazon.com/Invisible-Hook-Hidden-Economics-Pirat...