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I haven't heard about this. What's the story here?
https://americanbazaaronline.com/2025/02/04/indian-american-...
Thanks for the link
Y Combinator CEO Garry Tan launches dark-money group to influence CA politics
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Re: Y Combinator CEO Garry Tan launches dark-money group to influence CA politics
#362Earlier quoted context omitted.
That is the same argument proponents of planned economy use. It doesn't work in reality because no one knows what other people need and no one cares. Representatives care about being reelected, but they have a very hard time figuring out what people want of them because vote ones in 4 years, or angry people on social media is too unreliable channel of communication. More direct voting allows representatives to better…
The monetary system under capitalism is not the same as direct democracy. A planned economy under direct democracy would be at least as bad as a planned economy under a representative democracy because the average voter has even less knowledge about economics and business than a government planner. The best thing about direct democracy is that, unlike representative democracy, we don't have it and therefore cannot in…
Well it kinda is the same, in any transaction today two people vote to transfer goods and the rest of the people in the country vote to take a percentage of that as tax.
We only need to make sure that decisions affect the smallest number of people possible and only those who make decision bear its good or bad consequences.
Same can work with other issues, like do we want to build a road or stadium, how do we want to deal with homeless in our part of the city etc.
Online, open voting, with possibility to trade votes, and requirement to reach almost 100% accept vote for decisions, can work much better than systems we have now.
As for average person being not smart, average buyer poorly understands biology, and ends up buying things that are harmful to eat or eats to much, but we do not have representative doctors who will decide who eats how much in restaurants. The important thing is to create an arrangement where poor choices of a person do not affect others.