
Radical Markets
Uprooting Capitalism and Democracy for a Just Society
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Narrated by:
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James Conlan
About this listen
Revolutionary ideas on how to use markets to bring about fairness and prosperity for all
Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking - and pretty much all conventional thinking about markets, both for and against - on its head. The book reveals bold new ways to organize markets for the good of everyone. It shows how the emancipatory force of genuinely open, free, and competitive markets can reawaken the dormant 19th century spirit of liberal reform and lead to greater equality, prosperity, and cooperation.
Eric Posner and Glen Weyl demonstrate why private property is inherently monopolistic and how we would all be better off if private ownership were converted into a public auction for public benefit. They show how the principle of one person, one vote inhibits democracy, suggesting instead an ingenious way for voters to effectively influence the issues that matter most to them. They argue that every citizen of a host country should benefit from immigration - not just migrants and their capitalist employers. They propose leveraging antitrust laws to liberate markets from the grip of institutional investors and creating a data labor movement to force digital monopolies to compensate people for their electronic data.
Only by radically expanding the scope of markets can we reduce inequality, restore robust economic growth, and resolve political conflicts. But to do that, we must replace our most sacred institutions with truly free and open competition - Radical Markets shows how.
Download the accompanying reference guide.©2018 Princeton University Press (P)2018 Audible, Inc.Listeners also enjoyed...
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Using Markets to Improve Society
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I seriously thought the book would reveal in the end that it was read by a computer, an AI. In which case that AI would have failed the easiest of Turing Tests. I can not recommend this version. Read it instead.
H
Terrible Reader ruins this book
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Things I particularly liked about the book: a credible argument against "conventional" Georgist land-value tax (difficulties in valuation), and an interesting alternative. A superior form of voting (accumulated/bankable votes). "Quadratic" increases in cost for certain policy preferences (such as reducing pollution, or regulations. An interesting immigration scheme where individuals could sponsor foreign workers, gaining a portion of their income, to more broadly distribute the benefits of immigration along with costs.
The chapter on data (data sovereignty, data markets, etc.) seemed pretty weak in comparison to the rest of the book (ironic given the background of the authors), and detracted from the whole.
One interesting element was prefacing each chapter with a fictional story of what life would be like under their proposed rules -- more abstract policy arguments should include these.
There were a lot of flaws with the specific proposals they make, and overall I think for most private property, taxation is theft, and their taxing schemes were in some ways even more immoral than the status quo (personal/portable property being taxed in such a way that third parties could forcibly purchase it for the declared value at any time seems rife for malicious exploitation by trolls, or effective censorship of unpopular people), but they propose testing in much less challenging environments (such as as an alternative way to distribute public assets like radio spectrum or resource exploitation on public property), which I'd support.
I strongly recommend this book.
Great ideas to use markets to improve the world
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Content great; Narration bleh
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Even if you don’t agree, your thinking will be made stronger by having chewed on the ideas. Not all non fiction can say that.
Ideas radical and different - good to chew on
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Big, wild, crazy, smart ideas
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I have a lot of hope for a number of ideas in this work and will definitely be considering a number when implementing some of the software systems I'm currently working on.
Realistically Optimistic
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loved this book
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I thought at first that it must just be an inexperienced narrator, but he is excellent from a purely technical standpoint: diction is flawless, with no detectable switches from one recording session to another and never a mistimed pause for breath. Maybe he's just profoundly uninterested in the topic and isn't bothering to understand what he reads?
In any case, I found the uniformity of narration and lack of appropriate pauses to get incredibly frustrating after a while.
I do recommend the book, just not the format.
is this a human narrator?
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Economically 'incontournable'
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