#251 Glen Weyl: Radical Markets – Uprooting Capitalism and Democracy for a Just Society

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The rise of populism and increasing inequality have led to widespread questioning of democracy and capitalism. Glen Weyl, a political economist and Principal Researcher at Microsoft, along with legal scholar Eric Posner, published a book called 'Radical Markets'. Radical Markets explores how restructuring property rights and voting systems could lead to more efficient markets and a more just society. Glen joined us to discuss the book and why the blockchain space is a fertile testbed to explore these radical new ideas.

Topics discussed in this episode:
- Why blockchain is on a trajectory to exacerbate inequality and fail at improving the world
- Why property should be seen as a monopolistic institution
- How property rights create inefficient markets
- The radical idea of transforming property rights via a Common Ownership Self-Assessed Tax (COST)
- How the one-person-one-vote system contributed to the crisis of democracy
- How quadratic voting works and leads to fairer outcomes
- Whether or not buying of votes should be allowed in QV
- His work with Vitalik and radical markets experiments in blockchain

Links mentioned in this episode:
- Radical Markets: http://radicalmarkets.com/
- Glen Weyl Website: http://glenweyl.com/
- Property is Only Another Name for Monopoly (2017): https://chicagounbound.uchicago.edu/cgi/viewcontent.cgi?article=12668&context=journal_articles
- On Radical Markets - Vitalik Buterin Book Review: https://vitalik.ca/general/2018/04/20/radical_markets.html
- Liberation Through Radical Decentralization – Post by Vitalik & Glen: https://medium.com/@VitalikButerin/liberation-through-radical-decentralization-22fc4bedc2ac
- This economist wants to abolish private property using blockchain | Wired: https://www.wired.co.uk/article/blockchain-private-property-vitalik-buterin-glen-weyl

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