{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"80,000 Hours Podcast","title":"#52 - Glen Weyl on uprooting capitalism and democracy for a just society","html":"","width":"100%","height":180,"duration":9867,"description":"Pro-market economists love to wax rhapsodic about the capacity of markets to pull together the valuable local information spread across all of society about what people want and how to make it.\r\n\r\nBut when it comes to politics and voting - which also aim to aggregate the preferences and knowledge found in millions of individuals - the enthusiasm for finding clever institutional designs often turns to skepticism.\r\n\r\nToday's guest, freewheeling economist Glen Weyl, won't have it, and is on a warpath to reform liberal democratic institutions in order to save them. Just last year he wrote Radical Markets: Uprooting Capitalism and Democracy for a Just Society with Eric Posner, but has already moved on, saying \"in the 6 months since the book came out I've made more intellectual progress than in the whole 10 years before that.\"\r\n\r\nWeyl believes we desperately need more efficient, equitable and decentralised ways to organise society, that take advantage of what each person knows, and his research agenda has already been making breakthroughs.\r\n\r\nLinks to learn more, summary and full transcript\r\n\r\nOur high impact job board\r\n\r\nJoin our newsletter\r\n\r\nDespite a history in the best economics departments in the world - Harvard, Princeton, Yale and the University of Chicago - he is too worried for the future to sit in his office writing papers. Instead he has left the academy to try to inspire a social movement, RadicalxChange, with a vision of social reform as expansive as his own. \r\n\r\nYou can sign up for their conference in Detroit in March here\r\n\r\nEconomist Alex Tabarrok called his latest proposal, known as 'liberal radicalism', \"a quantum leap in public-goods mechanism-design\" - we explain how it works in the show. But the proposal, however good in theory, might struggle in the real world because it requires large subsidies, and compensates for people's selfishness so effectively that it might even be an overcorrection.\r\n\r\nAn earlier mechanism - 'quadratic voting' (QV) -...","thumbnail_url":"https://img.transistorcdn.com/VO1STE7hN95RRg9QdLo4soV2VhhbR9PF5ZZlRhDYcwE/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQxNDAyLzE2ODM1/NDQ1NDAtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}