Radical Markets: Uprooting Capitalism and Democracy for a Just Society
Eric Posner, E. Weylamazon.com
Saved by ed and
Radical Markets: Uprooting Capitalism and Democracy for a Just Society
Saved by ed and
The good news is that politicians will no more be able to dominate, suppress, and regulate the greater part of commerce in this new realm than the legislators of the ancient Greek city-states could have trimmed the beard of Zeus. That is good news for the rich. And even better news for the not so rich. The obstacles and burdens that politics impose
... See moreGovernment will have to adapt to the growing autonomy of the individual. Taxing capacity will plunge by 50-70 percent. This will tend to make smaller jurisdictions more successful. The challenge of setting competitive terms to attract able individuals and their capital will be more easily undertaken in enclaves than across continents.
The central question of this book is this: Where do prosperity and economic security come from? I believe they don’t come from a single magic-bullet mechanism like wage subsidies, a robot tax, tougher antitrust measures, a higher minimum wage, or universal basic income. Rather they can only emerge from a complex macro mechanism that goes way beyond
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