- the current political ideologies are outdated do not fit the Internet age and fail us
- what the Internet wants: a world where anyone can go crazy on anything, and bet anything on one thing he believes in.
- the general welfare of humanity demands a greater focus on the common good. We've seen too many instances of epic collapses, orchestrated by failed machinations of the elites, where the common people end up screwed but the elites remain immune or even benefit.
- most of the elites want to keep the current status - most proponents of the common good associate the common good with extreme notions of "social stability", which are often an excuse for keeping old extractive elites entrenched, and in any case are lame and incompatible with the trends of the 21st century.
- introducing degen communism: a system that embraces chaos (unlike communism ) but also protects the weak
- in that way the weak can enjoy chaos without suffering from it
- can be adopted by entities with network effects like games, tokens , social media etc.
- The crypto world adopts degen mentality the most because of the volatility but the failures are smaller than it look
- the main problem with crypto is the ability of projects to harm users, not the volaitiy of the market
- how to make degen capitalism in crypto: think about the small users: make small users whole first in case of bankruptcy, retro airdrops , meme coins who emit to charity etc
- how to make degen communism in politics: prediction markets
- how to make degen communism in real estate: harbinger tax - taxing the land instead of revenues so the land price will be realistic - then sending the revenues to poor people. in addition to lower the limitation on what to build on the land . this will lower the rent which is the main cost people pay
- Herberger tax on IP - instead of strict IP rules vs no IP rules - to make a tax on the IP value - either the owner pays 2% to maintain the exclusivity or others can pay the owners. it leads to more permissionlessness, and less exclusion, on the margin, by putting a price on exclusion.
- how to make degen communism in immigration: One of the most beautiful and deeply good ideas in early communism is internationalism: the focus on "workers of the world uniting" and songs like The Internationale.
- in 2024 most nations are nationalistic where its normal for govs to take care of its own citizens only
- the idea is for immigrants to sign that they aren't going to break rules
- decision making: democratic, and would follow three equally important principles: dynamism, cross-tribal bridging and quality.
- Public discussion and consensus-finding platforms - pol.is and Community Notes, which focus on cross-tribal bridging. It also includes prediction markets (eg. Polymarket)
- The final governance mechanism (eg. voting) - is quadratic voting where the people can pay for the topics they like to influence more. allows experts to quickly rise and fall with each topic or decision.
- embrace the chaos of markets and other fast-paced human activity. At the same time, however, tweak rules in such a way that the upsides get funneled into supporting public goods (including the quality of the governance itself), and the downsides get capped or even outright removed for the people who are not able to handle it. This can be a way forward for everyone in the 21st century.