4 ms·
Great list. I think #1 is in the process of being unbundled. We _just_ need a coordination platform which brings lead plaintiffs, backers and lawyers together
by haltingproblem 4y ago
Great list.
I think #1 is in the process of being unbundled. We _just_ need a coordination platform which brings lead plaintiffs, backers and lawyers together on a platform. Perhaps you mean something else by it?
Abolishing old laws already happens in some states but it needs to be lower transaction cost event. This would be a fun platform to build and something that can bring manifold benefit to society. Changing laws is a special and more complex case of creating new laws and has too much complexity maybe 10x harder than repealing old laws.
The last two evoke too many beliefs about ideology, moralism and nativist beliefs so I won't go there.
Can you extrapolate on land speculation?
- igorkraw 4y agoI meant things like the current Twitter debacle where it might be costlier for Twitter to enforce a legally binding contract than for them to go along with Musk wanting to renegotiate, or the cost and risk of a patent litigation making it exceedingly rare for invalid patents to get nullified, or people not routinely suing big companies for losing their data or breaking their services. Litigation costs money, the risks are asymmetrical and hedged towards large players, which makes the game nudged towards large players, heirs and monopolists. Land speculation is the general Georgist critique of natural monopolies like land allowing people to make profits without labor or risk, creating rents which suck up the efficiency gains of the wider economy.