Could futarchy be used to run a business? Setting up a business is much easier than taking over the government of a country!
Bets could be proposed like: “If policy X is adopted then the share dividend on such and such a date will be higher than if it is not adopted”. Bets with the highest support could then be adopted and over time, the share dividend would steadily increase.
Isn’t it already, in some sense? The whole idea of a futarchy is shareholders voting for their self-interest so it also works in the interests of everyone else. This is pretty much what goes on in companies where shareholders get a vote proportional to their shares held.
Could futarchy be used to run a business? Setting up a business is much easier than taking over the government of a country!
Bets could be proposed like: “If policy X is adopted then the share dividend on such and such a date will be higher than if it is not adopted”. Bets with the highest support could then be adopted and over time, the share dividend would steadily increase.
Isn’t it already, in some sense? The whole idea of a futarchy is shareholders voting for their self-interest so it also works in the interests of everyone else. This is pretty much what goes on in companies where shareholders get a vote proportional to their shares held.
That would be a good experiment to run...