Oddbean new post about | logout
 Dollars shouldn’t as they can be printed. Real money like #Bitcoin should.
As there are good reasons for the electoral college in the US, why wouldn’t a person who is adding value to society not have more stake in deciding its faith than someone who doesn’t? 
In essence I am wondering: How can democracies avoid getting captured by parasites who bribe a relatively unproductive majority, with the stolen resources from a highly productive minority, to get and stay in power to enrich themselves until all value has been extracted? 
The answer to this question could prevent a lot of suffering and pain…