Epicenter - Learn About Blockchain, Ethereum, Bitcoin And Distributed Technologies

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 covered 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 al