3 ms·
Bingo. Currency and free markets are the best implementation of distributed democracy we’ve seen yet. Everyone can vote on everything as many times as they want
by throwaway316943 5y ago
Bingo. Currency and free markets are the best implementation of distributed democracy we’ve seen yet. Everyone can vote on everything as many times as they want constrained only by their participation in the system. I still believe we need a level playing ground though, anti trust and a strong legal system to prevent abuse. We should be careful about safety nets though, preventing failure and saving people from disaster are different things with different consequences.
- simonh 5y agoRight, and just like democracy needs rules to make sure elections are fair, you do need rules to ensure the markets are fair. We do need safety nets too, can we really have bailouts for banks but somehow ordinary working people who fall sick are out on the street on their own? But it's a net not a pedestal. I do worry about basic income the article fantasises about developers getting a guaranteed state income that allows them to write whatever software they like. That really is a fantasy, most open source projects are single-contributor repositories that get a couple of downloads ever. I know, I created a few ;)