Tuesday, January 4, 2011

Very Good Sentences: Why seasteading matters

While central governments were destined to search for efficiency with only the very unreliable compass of public opinion, the relationship between individuals and local government was very different. Rather than adapting policy to voter preferences, local governments can keep policy constant and allow consumer-citizens to adopt whichever bundle of services best matches their preferences. If consumers can vote with their feet, local government planners do not face the same information deficit as central government planners. In the limiting case with an infinite number of jurisdictions and completely costless movement among them, everyone would get exactly the bundle of policies and public services they most preferred.
Patri Friedman and Brad Taylor, Seasteading: Institutional Innovation on the Open Ocean

No comments:

Post a Comment