what is RadicalxChange?

• a foundation led by economist Glen Weyl, with autonomous chapters around the world
  
  
• using free market mechanisms for efficient allocation of social goods (see Radical Markets, Liberal Radicalism)
  
  
• since branched out to activism and government; arts and communications; entrepreneurship and tech; and ideas and research
  
  

"property is monopoly"

"The existing system of private property interferes with allocative efficiency by giving owners the power to hold out for excessive prices. We propose a remedy in the form of a tax on property, based on the value self-assessed by its owner at intervals, along with a requirement that the owner sell the property to any third party willing to pay a price equal to the self-assessed value."

-- Posner, E. and Weyl, E.G. (2017). Property is Only Another Name for Monopoly.

quadratic voting

"We argue that quadratic pricing of votes on collective decisions is analogous to linear pricing of private goods and thus solves the tyranny of majority created by the one-person-one-vote rule. ... Under this concept, quadratic pricing of votes is the only rule that is always efficient."

-- Lalley, S.P. and Weyl, E.G. (2015). Quadratic Voting.

Quadratic Voting allows people to express how strongly they feel about an issue rather than just whether they are in favor of it or opposed to it; thus giving more weight to a minority who feels strongly, than a majority who do not.

antitrust

• problem: monopsonistic institutional investors wield excessive concentrations of power in many industries e.g. tech (G-MAFIA), lobbying in politics


• leads to suppression of competition as the same investor owns stakes in most rivals ("horizontal shareholding", e.g. Vanguard, Fidelity, Blackrock)


• rule: no investor holding shares of more than a single effective firm in an oligopoly and participating in corporate governance may own more than 1% of the market.
• ban institutional investors from diversifying their holdings within industries while allowing them to diversify across industries
• let investment funds diversify with the provable condition that they aren’t involved in the governance of any of their investments

RxC SG Labs + other chapter ideas

• chapter governance: (Cent, Moloch DAO, colony.io)
• agent-based modelling with COST
• coercion-resistant quadratic voting using zkSNARKs
• rewarding creative work (e.g. Cent), scarcity for digital art (e.g. Open Art Consortium)
• other kinds of markets and mechanisms, e.g. futarchy (prediction market for votes)
• markets for other goods and services, e.g. web of trust for identity attestations
• beyond the market framework, e.g. looking at institutions as information aggregators, not allocative mechanisms
• ...