Futarchy

Bug in the Japanese political system

• In the traditional Democracy, both the “objectives” and “whether the objectives are being achieved” are determined through elections.
  • However, there is an argument to separate these two and determine the latter through prediction markets rather than in a democratic manner.
• It makes sense to use prediction markets as a source of logical judgment, assuming that people in the market are generally rational.
• Some concerns:
  • What if a purpose that denies the mechanism of Futarchy is chosen? What should be done then?
    • Should it be a system like combat democracy?
  • Is it possible to separate “objectives” and “means”?
    • Can a certain objective also become a means to a higher-level objective?
    • When pursuing higher-level objectives, it could become a vote on ethical foundations like utilitarianism vs ~~ vs ~~.
    • It seems like it can be divided into selfish and altruistic aspects.
      • I have doubts about whether altruism exists when pursuing objectives in depth (Hobbes).
      • It seems difficult to participate in this voting without understanding what makes oneself happy (blu3mo).
    • Looking at examples of Futarchy, it doesn’t seem like they delve that deeply.