The very notion of a franchise just gets you into trouble. Stock-holding does fine.
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I'd love to see some small country try converting from democracy into stock holding. Convert all current voting rights into divisible and transferrable voting rights. Suspend issuance of new voting rights. I suspect votes would start out quite undervalued as people dump shares.
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As well as being the Moldbug Plan, it's the extension of Hernando de Soto's practical critique of informal / inert capital to positive political rights. https://simple.wikipedia.org/wiki/Hernando_de_Soto_(economist) …
10:17 PM - 18 Jan 2018
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