The post you referenced didn’t really talk much about neocameralism’s structure.
You need to follow several of the links in the text for that. I recommend you also search in this index of his posts. More on separating the rent extraction from do gooderism in government.
Also I’m really interested on your comments on the other two possibly superior alternatives I’ve outlined.
Also I’m really interested on your comments on the other two possibly superior alternatives I’ve outlined.
I have read Robin Hanson over the years. I think prediction markets are likely a valuable methodology. They are hardly inconsistent with a republic. They can be used in determining policy, they can be supported, enhanced by legislation. I would look forward to the day that I can get an intrade account without having to jump through Irish hoops, the barriers the US has put in place are effective at least as far as stopping me from so far getting an account.
Futarchy in general is, in my semi-cursory view, not a challenge to the republic, but again a set of principles that the republic might be informed by in crafting its laws and policies. It seems to consist primarily of a lowering of the discount rate in calculating investment returns, that is, making far future returns count for more than we currently do. This is sort of simultaneously an empirical question and a values question. How much do we forego in the present to have a richer future: we all face this decision constantly in our personal lives as well as our public lives. Arguing strenuously to push the value of the future higher seems totally inbounds of what I would expect within republican (with a small r) policy debate.
SIngaporean authoritarianism seems likely to me not to scale. Singapore is smaller than the US in both diversity, size, and population. Just as one person can write a certain size computer program more efficiently than can 10, there comes a size of program where you have to learn how to team up the 10 people to get it done within a lifetime. Inviting Yew to run the US probably wouln’t work, but he might do a nice job on New York City.
In any case one generally needs to formalize systems to get the benefit of scale. While conforming mortgages may have been the seeds of the recent financial world catastrophe, they were also the enablers of a gigantic growth in funding at lower costs for improving property. Sure, your personal banker treating each mortgage as piecework, not making a new mortgage until the bank had accumulated enough more capital to make the next mortgage, might not have made the mistakes the formal system practically institutionalized, the piecewise system would also have created a tiny fraction of the total mortgages at a much higher friction cost. Mass production allows you to magnify the value of good design, but it also magnifies the negvalue of your mistakes. That singapore can operate well as a Mom & Pop operation as long as Pop is Yew should give little evidence that a larger country already achieving productivity levels similar to Singapores would be anything but hurt by emulating that model.
Please let me know if I am missing anything you think is essential in Futarchy or Singapore.
You need to follow several of the links in the text for that. I recommend you also search in this index of his posts. More on separating the rent extraction from do gooderism in government.
Also I’m really interested on your comments on the other two possibly superior alternatives I’ve outlined.
I have read Robin Hanson over the years. I think prediction markets are likely a valuable methodology. They are hardly inconsistent with a republic. They can be used in determining policy, they can be supported, enhanced by legislation. I would look forward to the day that I can get an intrade account without having to jump through Irish hoops, the barriers the US has put in place are effective at least as far as stopping me from so far getting an account.
Futarchy in general is, in my semi-cursory view, not a challenge to the republic, but again a set of principles that the republic might be informed by in crafting its laws and policies. It seems to consist primarily of a lowering of the discount rate in calculating investment returns, that is, making far future returns count for more than we currently do. This is sort of simultaneously an empirical question and a values question. How much do we forego in the present to have a richer future: we all face this decision constantly in our personal lives as well as our public lives. Arguing strenuously to push the value of the future higher seems totally inbounds of what I would expect within republican (with a small r) policy debate.
SIngaporean authoritarianism seems likely to me not to scale. Singapore is smaller than the US in both diversity, size, and population. Just as one person can write a certain size computer program more efficiently than can 10, there comes a size of program where you have to learn how to team up the 10 people to get it done within a lifetime. Inviting Yew to run the US probably wouln’t work, but he might do a nice job on New York City.
In any case one generally needs to formalize systems to get the benefit of scale. While conforming mortgages may have been the seeds of the recent financial world catastrophe, they were also the enablers of a gigantic growth in funding at lower costs for improving property. Sure, your personal banker treating each mortgage as piecework, not making a new mortgage until the bank had accumulated enough more capital to make the next mortgage, might not have made the mistakes the formal system practically institutionalized, the piecewise system would also have created a tiny fraction of the total mortgages at a much higher friction cost. Mass production allows you to magnify the value of good design, but it also magnifies the negvalue of your mistakes. That singapore can operate well as a Mom & Pop operation as long as Pop is Yew should give little evidence that a larger country already achieving productivity levels similar to Singapores would be anything but hurt by emulating that model.
Please let me know if I am missing anything you think is essential in Futarchy or Singapore.