Why don't we just replace democracy with the prediction market?
>>217778451those two dont do the same thing its like asking why dont we replace cars with apples
>>217778510Money is the best carrier of information, thus we can relate people's interest into money terms, i.e. the most priced decision would be what people support the most. Hence a prediction market would therefore carry such a decision making process more fairly and overall more comprehensive than let's say, parliamentarian democracy.
>>217778588one cannot replace another because they dont do the same thing. it would be like replacing all cars with apples.you would still need to figure out how the representatives are chosen if you somehow abolish democracy and whoever takes over that process will just take over the government and bend it to their personal needs. since you just lost the main thing we have democracy for which is the ability to punish abuse by voting for the political enemies of those abusing their power.
>>217778451whales could manipulate the market
>>217778451That's like giving 90% of the votes to 1% of the electorate
>>217778451ask the Soviets
>>217779796warum?
>>217779819The Soviet Union was basically that but with a commie twist. 5 year plans o algo. That shit never worked. Some commodities were always in deficit, others in surplus. This led to retarded shit like people wiping their asses with newspapers because there was no toilet paper on the shelves.
