**Radical New Voting System Proposed by Posner and Weyl**
*Authors Eric Posner and Glenn Weyl have put forward a controversial new voting system that challenges the traditional understanding of democracy. The core idea behind their proposal is to allow minorities to have greater influence in decision-making processes, thereby preventing the tyranny of the majority. At the same time, the system aims to limit the power of individuals who hoard votes.*
**Empowering Minorities in Decision Making**
Posner and Weyl argue that their system will prevent minorities from being marginalized and ignored in the decision-making process. They propose a system in which the price for each extra vote grows exponentially, thus limiting the power of those who hoard votes. According to Weyl, this would mean that racists who throw all their votes at racist measures would have no impact on anything else.
**Wide-Ranging Policy Implications**
The authors’ proposals extend beyond the realm of voting. Posner and Weyl also address issues such as antitrust regulation, immigration, and data privacy. In fact, they suggest the creation of a marketplace for personal data. Their bold ideas have garnered attention from politicians and policy-makers in various fields, including antitrust regulation and data protection.
**Global Interest and Partnerships**
Posner and Weyl’s ideas have gained interest from global leaders and policymakers. Weyl’s recent meetings with organizations such as the Tony Blair Institute for Global Change and the Behavioural Insight Team, as well as his interactions with EU officials, highlight the broad appeal of their proposals. He has also formed a partnership with Vitalik Buterin, the co-founder of Ethereum, to explore ways to harness markets and technology to decentralize power.
**Testing the Blueprint**
While a full implementation of Weyl’s blueprint is unlikely in the near future, there is interest in testing these ideas in some capacity. Weyl and Buterin believe that blockchain technology, particularly Ethereum, could serve as an ideal testing ground for their utopian vision. Ethereum, a blockchain platform, aims to become a completely leaderless market-based community, but faces challenges in the governance department. This aligns with the vision of Weyl and Buterin, who seek to decentralize power of all sorts.
**The Future of Democracy**
Posner and Weyl’s radical voting system and policy proposals signal a potential shift in the way democracy and decision-making processes are structured. While their ideas may not be implemented in full anytime soon, the interest and partnerships they have formed indicate that their vision of a more equitable and inclusive system may have lasting implications for the future.
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