Ok, that’s pretty insightful and radical. Estimating the costs of laws for certain parts of the populace would be tremendously complex, even for a single law. And you probably can’t simply consider laws in isolation, but have to consider the system of all relevant laws. In all simulations you will have to consider that people adapt to the law that currently exists, in more or less desired ways. Many people don’t even bother with knowing the legal situation, and rather act on social norms. How do you get their behaviour into the simulations? The whole effort sounds so complex that it almost sounds easier to get a society to run on no laws at all, than to get that “law cost compensation mechanism” even approximately right.
I’m not sure about that. Some governments seem to do rather good jobs, for example those of Iceland, Denmark, Switzerland, Canada, or Norway, while many others fail miserably. In a globalised world it becomes increasingly difficult however to create optimal market conditions within a single nation. We’d need a global economic governance (that’s not affected very much by particular lobby interests) for optimising conditions for enabling markets to flourish. Of course, you’d need a governance with high intelligence and integrity for that purpose. AI to the rescue?
That’s a really intriguing idea. The practicalities of this system might make it too unwieldy, though. How do you rearrange shares, if population grows or shrinks? What does it really mean to own a billionth of a piece of land, or a share of a company? It’s like you own a bit of everything, but nothing in particular. I mean, it wouldn’t even make sense to allocate ownership of a brick of a factory building to anyone. Capital only makes sense, if it comes in large chunks that can be used effectively. A more reasonable interpretation would be to declare everyone to be shareholder of every company.
Yes, it probably needs to work that way. I’ve come to the same conclusion when thinking about my idea of “auctionism”. Only means of production are auctioned off, while consumables effectively are traded as usual.