The following is a series emails Vitalik Buterin and I [Glen] exchanged over the last day about RadicalxChange ideas. We thought the discussion might be useful to some as a) it covers a number of issues not discussed elsewhere that we consider important, b) it represents some of our latest thinking about these issues and c) it shows a bit of “the sausage being made” that some may find interesting. However, be aware that this is an internal communication and thus is at a pretty high level of specialization; there will be many parts that those not already well steeped in some combination of RadicalxChange ideas, economics, sociology, intellectual history, philosophy and cryptography may find hard to follow.
Here is the link. There are many excellent bits, here is one from Buterin:
Effect on centralization of physical power — one thing that scares me about more complex systems of property rights is that they would require more complex centralized infrastructure, including surveillance into people’s private activities, to be able to correctly enforce. Taxes already have this problem (you may recall Adam Smith believing that income taxes would be impossible because they would require an unacceptable level of intrusion into people’s private lives to enforce), and I wonder if the various proposals that we have for changing them would make things better or worse in this regard. I like Harberger taxes because they don’t require infrastructure to police whether or not undeclared transactions took place, though I worry in other cases, eg. your comment that your immigration proposal would require stronger enforcement of immigration rules, which realistically means stronger efforts to find and kick out people who overstay, which requires more surveillance of various kinds. All in all, I don’t think the radical markets ideas altogether fare that bad, but I guess my comment would be that non-panopticon-dependence should be an explicit desideratum to a greater degree than it is now.
Self-recommending…and which one of them do you think wrote this?:
The last couple of weeks talking to economists, sociologists and philosophers I have felt like they are hacking through a forest with pen knife and this perspective enables me to look from above (things still fuzzy) and have a crew of chainsaws at my command.