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Confederalism

Murray Bookchin Few arguments have been used more effectively to challenge the case for face-to-face participatory democracy than the claim that we live in a “complex society.” Modern population centers, we are told, are too large and too concentrated to allow for...

Electing the President

Most democracies have an Executive Officer, such as the President of the United States, typically elected either directly or indirectly by the people. In a DAO Democracy, assuming we retain the Executive Branch in more or less its current form, the simplest approach...

Membership

Another problem with evaluating collective welfare is membership in the collective: who do we add and who do we remove? We consider criteria that are suitable for membership in a nation (in contrast with membership in the local chess club, or a student in a school, or...

Trading Democratic Collective Welfare

We now give an example of how to buy and sell DCWi in a prediction market. First, a trader purchases a pair of conditional bearer bonds from a bank for $1 in the year 2016. The first says “Pay to bearer $1 times DCW2016” The second says “Pay to bearer $1 times...

Democratic Collective Welfare

– Ralph Merkle State of Satisfaction.   Annually, all citizens are asked to rank the year just passed between 0 and 1 (inclusive). If you wish, you can think of this as a poll of each citizen’s individual welfare, where 0 means the welfare of the citizen that...