I wish more EAs would read it, it affected my thinking about development economics a lot. However, it’s not an anti-capitalist book, just pro-government-intervention.
As for radically reworking capitalism—I’m excited about this and have some ideas for doing it (example idea: citizen assemblies that attempt to measure externalities of individual Fortune 500 companies and set their corporate tax rate accordingly, then perhaps a prediction market for the decision of the citizen’s assembly). But I think the thing to do is to prove the idea works on a small scale and then gradually increase the scale. Do it in a town. When it works in a town, do it in a district. When it works in a district, do it in a province. When it works in a province, do it in a country. When it works in a country, do it all over the world.
I actually did change my mind recently about free trade after reading this book:
https://www.amazon.com/Bad-Samaritans-Secret-History-Capitalism/dp/1596915986/
I wish more EAs would read it, it affected my thinking about development economics a lot. However, it’s not an anti-capitalist book, just pro-government-intervention.
As for radically reworking capitalism—I’m excited about this and have some ideas for doing it (example idea: citizen assemblies that attempt to measure externalities of individual Fortune 500 companies and set their corporate tax rate accordingly, then perhaps a prediction market for the decision of the citizen’s assembly). But I think the thing to do is to prove the idea works on a small scale and then gradually increase the scale. Do it in a town. When it works in a town, do it in a district. When it works in a district, do it in a province. When it works in a province, do it in a country. When it works in a country, do it all over the world.