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Is futarchy better or less corrupt than other forms of government?
397 sats \ 4 comments \ @Coinsreporter 5 Apr Politics_And_Law
I've been reading Robert Hanson for a while and his idea of futarchy sounds to me quite striking.
In his recent article "Seek What Outcomes Via Futarchy?", he attempts a hypothetical question whether people would try to encode their favored policies in the outcome metric, instead of trusting the system to pick the best policies give an outcome metric tied to what they more directly care about.
With the advancement in technology, I believe masses are becoming more and more directly influenced by the ideas presented on the online forums, I believe the day may not be far when some, maybe a smaller nation attempts futarchy and creates policies based on the outcome of online polls or prediction markets.
I believe whenever futarchy be attempted by a nation or place, it should be done with decentralisation at its core. If it's attempted in a centralised way, it risks corruption entering the system very easily.
I also think that Bitcoin can make futarchy realise in its truest form. So, any nation giving wat to futarchy must first accept Bitcoin for its economy.
Even then, I'm not entirely sure if futarchy can be better than the forms of government we have and we ever had.
So, may be you can guide me about the idea of futarchy.
Or let's make a consensus upon..
Is futarchy better or less corrupt than other forms of governments?
Yes, it's definitely better. 0.0%
No, it isn't. 50.0%
It can be better (with Bitcoin)0.0%
Maybe, I'm not sure. 50.0%
4 votes \ poll ended
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20 sats \ 0 replies \ @nkmg1c_ventures 23h
It seems like the rehypothecation of ethics, with so many things that can go wrong. I voted maybe
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7 sats \ 1 reply \ @Rothbardian_fanatic 22h
Do you think futarchy has been with us for a very long time in the free-market economy? Every person’s desires are input into the economy through purchases of their highest priority needs. Those inputs of buying products are summed across the whole economy in the edifice of prices and the price level for each and every product. If this is the case, why would we need a hierarchy of IT experts to run the Delphi network? Then we would have the very same problems of trust of the experts that we have today in the state.
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0 sats \ 0 replies \ @Solomonsatoshi 20h
Undoubtedly there are problems within the operation of the state, but without a state mechanism would things be better? I suggest definitely not. Has a free market economy ever existed in a pure form ever? Again I would suggest not ,at least to any degree of complexity or sophistication - the inherent contradiction in the concept of free markets is that people organise into groups in order to advance their security, property 'rights' and access to resources and this organised group structure (called government) inevitably intervenes in the operation of markets- sometimes in good ways, sometimes in less desirable ways, but via the mechanism of government markets are inevitably affected, and the presence of government is more or less a prerequisite to any degree of economic functioning beyond the most simple form.
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0 sats \ 0 replies \ @Solomonsatoshi 22h
It would be fascinating to try this. If Bitcoin was in place as the currency it would perhaps impose the budgetary discipline required to prevent people voting themselves unsustainable levels of government expenditure. Currently the Swiss system of government seems perhaps the closest to true democracy anywhere in practice.
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