Robin Hanson & James Hughes – Futarchy vs Plutarchy: Vote on Values, or Pay to Play?
Who gets to decide what happens next? – and by what mechanisms? Economist Robin Hanson argues that many of today’s failures are downstream of “pretty broken systems of governance”, and that we’ve “hardly tried” most plausible alternatives. His proposal, futarchy, separates values from beliefs: elected leaders define measurable national wellbeing goals, while prediction markets help…