> Also, what exact lack of understanding in terms of "structure" of the current system did you find appalling in those blockchain hackers? Can you be more specific?
- How currencies are created by a population or state?
- How currencies are adopted/enforced to/by a population or state?
- What is the role of a central bank in a modern economy?
- How if the "Chair of the FED" appointed?
- What is the inflation rate?
- Why does a central bank get to decide the inflation rate?
- Why exchange currencies (e.g. USD, EUR, etc) are inflationary?
- What is democracy? (by extension is it in the best interest of a democracy having a CB-backed currency or a virtual currency?)
- Can a player with vast amounts of shares/bitcoins/USDs fix the price of the stock/share/btc?
- Can money be a-political?
> I think we need more scientists, engineers, software professionals, etc. in our political system, not less.
Two examples of technocratic governance are (A) Greece and (B) Economics/Finance:
(A) In 2015 Greece has been turned officially into a colony[1]. In essence it's been a colony since 2010. All major political decisions are taken from a technocratic board. Basically the Greek govenrment acts as the executive branch. The legislative power been delegrated to a supranational authority, which 60% of Greeks rejected btw. The technocratic board, known as 'Troika', has done mistakes[2]. While the IMF will issue a sorry we made a few mistakes statement and go home, people in Greece have to live with the consequences for the years to come. No Greek politician is capable of inflicting such MASSIVE amount of pain to an economy without getting a glimpse of hope in return, none. Only a technocrat can do that. Of course technocrats (much like neo-liberals or communists) will say that you're not technocratic enough, but this simply doesn't hold water: there's theory and practice. Practice shows that they've screw up massively, so massively that by the time they end-up with Greece, Greece may very well have been turned into a military-state of the worst kind.
(B) Currently finance relies on non-realistic financial models, to justify toxic asset risk dispersion/assessment. This dominance of mathematics in Economics (The queen of social sciences) has been going strong for the last 40 years or so. The problem is not that top university educated economists are not good with formulas. Some of those guys make rounds around your average engineer. The problem is that in order to explain social reality through a mathematical model they start accepting generilizations which are simply NOT true.
So in the end of the day, you have a mathematical model which is out of touch with reality and 2008 happens, Trump happens, Brexit happens... All these things happened because of the mathematicalisation of economics.
I think post-2008 it's really hard to argue replacing social sciences (and I believe legislation is a very social science, economics too) with technocratic counterparts. Everyone should have a say, but the final decision on social matters, should rest with social sciences.
[1]: https://yanisvaroufakis.eu/2015/08/17/greeces-third-mou-memo...
[2]: https://www.bloomberg.com/view/articles/2015-04-21/imf-needs...