80,000 Hours Podcast With Rob Wiblin

#52 - Glen Weyl on uprooting capitalism and democracy for a just society

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Sinopsis

Pro-market economists love to wax rhapsodic about the capacity of markets to pull together the valuable local information spread across all of society about what people want and how to make it. But when it comes to politics and voting - which also aim to aggregate the preferences and knowledge found in millions of individuals - the enthusiasm for finding clever institutional designs often turns to skepticism. Today's guest, freewheeling economist Glen Weyl, won't have it, and is on a warpath to reform liberal democratic institutions in order to save them. Just last year he wrote Radical Markets: Uprooting Capitalism and Democracy for a Just Society with Eric Posner, but has already moved on, saying "in the 6 months since the book came out I've made more intellectual progress than in the whole 10 years before that." Weyl believes we desperately need more efficient, equitable and decentralised ways to organise society, that take advantage of what each person knows, and his research agenda has already been makin