It’s amazing how many proposals for dealing with institutional distrust sound a lot like “make a new institution, with the same structure, but with better actors.” You lose me at “trustable committee”, especially when you don’t describe how THOSE humans are motivated by truth and beauty, rather than filthy lucre. Adding more layers of committees doesn’t help, unless you define a “final, un-appealable decision” that’s sooner than the full shareholder vote.
the core of the proposal really boils down to “public companies have less incentive to cash in on reputation and exit scam than individuals”. this proposal is explicitly not “the same structure but with better actors”.
It’s amazing how many proposals for dealing with institutional distrust sound a lot like “make a new institution, with the same structure, but with better actors.” You lose me at “trustable committee”, especially when you don’t describe how THOSE humans are motivated by truth and beauty, rather than filthy lucre. Adding more layers of committees doesn’t help, unless you define a “final, un-appealable decision” that’s sooner than the full shareholder vote.
the core of the proposal really boils down to “public companies have less incentive to cash in on reputation and exit scam than individuals”. this proposal is explicitly not “the same structure but with better actors”.