“DEMOCRACY HAS IT’S OWN CALCULATION PROBLEM” (by Jeremie Makell) —“Natural law

“DEMOCRACY HAS IT’S OWN CALCULATION PROBLEM”

(by Jeremie Makell)

—“Natural law informs how we choose to cooperate to establish and maintain sovereignty. Some backwoods libertine can stake a plot of land and proclaim himself sovereign, but that’s not sovereignty, that’s just LARPing.

Sovereignty requires that we cooperate to insure each others’ property from imposition. As we develop new technologies (bronze, iron, etc.) the complexity of our social institutions must evolve as well.

For every new advancement also creates more opportunity for parasitism and externalities that increase overall transaction costs while reducing trust. The more rigorous your institutions the more adaptable you are to inter-generational change.

This explains why China despite being an ancient civilization, had centuries of stagnation while the Europeans were innovators and drove forward industry.

Each of the markets that Curt lists (rule, commons, reproduction, production, etc.) become more prevalent and necessary the further civilization advances.

This is what I believe Curt means when he refers to DECIDABILITY: just as prices aid us in determining how to most efficiently buy and sell goods, the exchanges conducted voluntarily between markets under rule of law help us to determine how to most efficiently advance civilization.

Democracy fails to adapt to change because it has its own calculation problem.”– Jeremie Makell

(ed.: So perfect, so eloquent, I want to weep with joy. — Curt)