Radical Markets for Radical Democracy - with Glen Weyl
Political Economy Forum
Glen Weyl speaks to Forum Fellow Nicolas Wittstock about his work with RadicalXchange and the reform agenda they propose. In his 2018 book with Eric Posner, Glen Weyl suggests radical reforms to private property, the voting system, immigration, antitrust policy, and the way that technology companies handle data. In this podcast, Glen reflects on the motivations behind the reform agenda laid out, the effects that the policy ideas have had thus far, and how his thinking has evolved.
Ep. 199 - Radical Markets Book Club w/ author Glen Weyl, Patrick Laird and Peter Overzet
The Taekcast: A (mostly) Sports Podcast
Glen Weyl, author of Radical Markets, joins the show to discuss his incredible book, ETH + BTC, and how the world can change through radical approaches to fundamental parts of life. Patrick Laird of the Miami Dolphins joins the show as well. https://www.radicalxchange.org/ https://www.amazon.com/Radical-Markets-Uprooting-Capitalism-Democracy/dp/0691177503 www.patreon.com/taekcast
Radical Markets was only a first step in radically improving social technology. But it propagated the central mistakes of assuming an atomized individual identity. By formalizing human identity's fundamentally social nature, truer to the richness of our diversely shared lives, Glen Weyl sketches how we can build better institutions to create systems for facilitating cooperation across difference. SPEAKERE. Glen Weyl is a political economist and social technologist whose work focuses on harnessing computers and markets to create a radically equal and cooperative society. He is the Founder and Chairman of the RadicalxChange Foundation, a Principal Researcher at Microsoft Research, and a lecturer at Princeton University. Glen was recently honored as a Bloomberg Top 50, one of Wired Magazine’s 25 leaders shaping the next 25 years of technology, and one of Coindesk’s most influential people in blockchain for 2018.
MONEY REIMAGINED: Government Reimagined, with Jeff Saviano and Glen Weyl
In our weekly Money Reimagined podcast, Sheila Warren and I talked to two outside-the-box thinkers on their ideas for improving governance. Quadratic Voting and Open AuctionsOne of our guests was Glen Weyl, the political economist and Principal Researcher at Microsoft Research New England, who co-authored the book “Radical Markets” with University of Chicago Law School professor Eric Posner. We chose to focus on just two of the many ideas that that book puts forward. One is quadratic voting, which allows people not only to vote for or against a particular issue but to express how strongly they hold that view by buying extra votes – up to a certain limit of assigned credits. The cost in credits of each additional vote increases by a quadratic formula. It’s designed to help small groups of voters who care deeply about particular issues while still constraining them from overly skewing results.Weyl has also worked on a variation of the concept with Ethereum founder Vitalik Buterin called quadratic funding, which in theory could diminish the influence of wealthy “whales” in voting systems that are based on financial holdings or contributions. The second big idea we explored is that of perpetual open auctions. Here, every bit of property, including what we might otherwise think of as public property, is owned by private entities with the proviso that it is always up for auction and that the majority of the value created from it is shared equally among citizens as a social dividend. Weyl and Posner argue that such an arrangement would incentivize owners to manage the property well, and that the wider distribution of wealth creation would give a greater number of people the wherewithal to start businesses. It would also be easier to develop land for infrastructure, such as high-speed rail lines, because the developer could easily acquire it. Both of these ideas are rooted more in legal and process innovation than in software and distributed computing per se. But they intersect nicely with concepts associated with the crypto and blockchain space. One is the potential for self-sovereign identity models to prevent people from gaming quadratic voting. Another is the potential enhancements that smart contracts, non-fungible token-based property, and decentralized finance (DeFi) concepts such as automated market-making might bring to open auctions. Also, quadratic funding might fix free-rider problems in blockchain projects, Buterin believes. Smart taxationOur other guest was Jeff Saviano, the global lead of tax innovation at EY. He is a member of the Prosperity Collaborative, within which organizations such as the World Bank, MIT Media Lab’s Connection Sciences lab and the New America Foundation are working with governments to improve transparency and efficiency in the collection and distribution of taxes. Saviano talks of how blockchain-based tracing systems might not only give taxpayers a transparent view of how their taxes are being spent but also incorporate programmability. For example, the actual, uniquely identified dollars that you contribute could be channeled directly and transparently into identifiable services that immediately benefit you and your community. Or, governments could use smart contracts to put hard constraints on those dollars, so only certain categories of expenditure, and not others, are enabled.
The COVID-19 Crisis of Legitimacy | E. Glen Weyl Interviewed by Emmanuel Midy
COVID-19 has dramatically shown the failure of political institutions in the West to facilitate rapid and responsive consensus in the face of crisis, leading to millions of avoidable deaths and unprecedented economic calamity. As these political systems increasingly lose legitimacy and dissent moves to the streets, we must resist the natural turn the towards technocratic authoritarianism of the largest country that responded successfully. Despite the limited success of some authoritarian regimes, the digitally-enabled radical participatory democracies of countries like Taiwan and Estonia have shown us a far more effective and appealing path, one that can unite us across traditional political divides. RadicalxChange should be seen as an effort to spread, live, elaborate on, formalize and port these stories across the world. SPEAKERSE. Glen Weyl is a political economist and social technologist whose work focuses on harnessing computers and markets to create a radically equal and cooperative society. He is the Founder and Chairperson of the RadicalxChange Foundation, a Principal Researcher at Microsoft Research and a lecturer at Princeton University. Glen was recently honored as a Bloomberg Top 50, one Wired Magazine’s 25 leaders shaping the next 25 years of technology, and one of Coindesk’s most influential people in blockchain for 2018. Emmanuel Midy is the Community Lead of RadicalxChange Foundation. He is a writer and consultant on the intersection of media and technology.
Ep. 8: Alternatives to Technocracy & the Ideology of Artificial Intelligence, with Glen Weyl
The Moral Imagination
In this episode, I speak with Glen Weyl about the ideology of artificial of intelligence, central planning, Communist China, and the problem of technocracy. In a wide-ranging conversation we also talk about collaboration, knowledge and experience, decentralization, individualism, and the Ukranian Genocide—and a number of thinkers including James Scott, Alexis de Tocqueville, Georg Simmel, Joseph Ratzinger, and more. We also discuss subways, coffee, complex society, and problem of ignoring the invisible. It was a lot of fun. Glen is an innovative and very interesting the thinker. He is a political economist and social technologist at the office the Technology Officer at Microsoft. He is also the founder of Radical XChange and the co-author, with Eric Posner, of the book Radical Markets. Show Notes: https://www.themoralimagination.com/episodes/glen-weyl
Juneteenth and the Future of Democracy | Danielle Allen Interviewed by E. Glen Weyl
When news of the Emancipation Proclamation reached Texas, months after its declaration, the U.S. activated re-constitution simultaneously along political, economic, and social dimensions. But achievement of social organization resting simultaneously on principles of freedom and equality would be long in coming, and the tempo of progress various along each of those three dimensions. Ultimately the social constitution of racial supremacy has been the hardest to displace and has woven its knotty, tenacious tentacles through political and economic dimensions as well. The time has come for a full liberation across all three domains and for justice by means of egalitarian participatory democracy, supported by truly free labor. This keynote will sketch out that vision of liberation and the relevance of RadicalxChange ideas to it. SPEAKERDanielle Allen is an American classicist and political scientist. She is the James Bryant Conant University Professor and the Director of the Edmond J. Safra Center for Ethics at Harvard University. Prior to joining the faculty at Harvard in 2015, Allen was UPS Foundation Professor at the Institute for Advanced Study in Princeton, New Jersey. As of January 1, 2017, she is also James Bryant Conant University Professor, Harvard’s highest faculty honor. She has published broadly in democratic theory, political sociology, and the history of political thought. Widely known for her work on justice and citizenship in both ancient Athens and modern America, Allen is the author of The World of Prometheus: The Politics of Punishing in Democratic Athens (2000), Talking to Strangers: Anxieties of Citizenship since Brown v. Board of Education (2004), Why Plato Wrote (2010), and Our Declaration (Norton/Liveright, 2014). In 2002, she was awarded a MacArthur Fellowship for her ability to combine “the classicist’s careful attention to texts and language with the political theorist’s sophisticated and informed engagement.” She is currently working on books on citizenship in the digital age and political equality. Allen is a frequent public lecturer and regular guest on public radio affiliates to discuss issues of citizenship, as well as an occasional contributor on similar subjects to the Washington Post, Boston Review, Democracy, Cabinet, and The Nation. MODERATORE. Glen Weyl is a political economist and social technologist whose work focuses on harnessing computers and markets to create a radically equal and cooperative society. He is the Founder and Chairman of the RadicalxChange Foundation, a Principal Researcher at Microsoft Research and a lecturer at Princeton University. Glen was recently honored as a Bloomberg Top 50, one Wired Magazine’s 25 leaders shaping the next 25 years of technology, and one of Coindesk’s most influential people in blockchain for 2018. More at www.glenweyl.com. About Radical Markets: www.radicalmarkets.com.
Anne-Marie Slaughter and Glen Weyl Discuss their Roadmap to Pandemic Resilience
Anne-Marie Slaughter is the CEO of New America, a think and action tank dedicated to renewing the promise of America, and a Professor of Politics and International Affairs at Princeton University. From 2009–2011, she served as director of policy planning for the United States Department of State, the first woman to hold that position. Glen Weyl is a political economist and social technologist whose work focuses on harnessing computers and markets to create a radically equal and cooperative society. He is the Founder and Chairman of the Radical x Change Foundation, a Principal Researcher at Microsoft Research and a lecturer at Princeton University. Today, Slaughter and Weyl will discuss the recently released Roadmap to Pandemic Resilience, published by Harvard’s Edmond. J Safra Center for Ethics. You just heard Anne-Marie Slaughter and Glen Weyl describe the Safra Center’s promotion of a TTSI approach - Testing, Tracing, and Supported Isolation. They believe that the only way to successfully contain COVID-19 is to ramp up testing, increase contact tracing and isolate those who have been exposed or infected. Although this will need to be done in a way that respects civil liberties, this is our best shot to save lives until a vaccine is available. Go to NoLabels.org to learn more about how we are bringing together a bipartisan group of public and private leaders working to stop the virus, save lives and get Americans back to work.
In this episode we speak to Glen Weyl, author, economist and Principal Research at Microsoft Research. His ideas inspired the formation of the RadicalxChange Foundation, who recently held a conference in which we were speaking alongside Audrey Tang, Digital Minister of Taiwan, Vitalik Buterin of Ethereum and others. Head over to RadicalxChange.org and look out for the deep list of archived talks.In this very candid discussion with Glen we cover his recent work on COVID-19, his recently published essay “AI is an ideology, not a technology” co-authored with Jaron Lanier, his belief in the urgent need for pluralistic technologies and transitioning from corporations to stakeholder democracies, as well as his personal political transition from California libertarianism to socialism. It is a fun and generous conversation, I hope you enjoy it!Links:RadicalxChange conferencehttps://www.radicalxchange.org/2020-conference/AI is an Ideology not a Technologyhttps://www.wired.com/story/opinion-ai-is-an-ideology-not-a-technology/Data Dignity:https://issuu.com/radicalxchange/docs/data_legislation_paper_--_20191031