Vitalik Buterin Helps Put Radical Markets Author Glen Weyl on the Map with his American Political Views


As some of our readers may already know, Glen Weyl is the co-author of a groundbreaking book called ‘Radical Markets: Uprooting Capitalism and Democracy for a Just Society’. The book was released early last year and has been on the receiving end of many rave reviews from critics all over the globe. This is in part due to its balanced, rational approach to looking at things such as:

  • The development of healthy societies.
  • Allocation of natural resources in the most sustainable manner possible.

    Among the many intricate facets of the global economy discussed in this book, Weyl strongly argues that “large-scale private property” distorts the function of markets and that public goods like land should be managed through structures that benefit everyone (like auctions).

    With that being said, it should be remembered that these ideas are not entirely new, since similar concepts have have also been discussed in the past by people such as Henry George, an activist who actively campaigned against the private monopolization of natural resources during the latter half of the 19th century.

    However, what is really interesting (in the midst of all this) is the fact that Weyl’s book has has a big-name fan in the form of Vitalik Buterin— the co-founder of Ethereum. In Buterin’s view, the book establishes a “multifaceted connection” between its ideas and the goals of his smart contract platform.

    If that wasn't enough, since its release, Buterin and Weyl have also started working together on numerous papers that look to refine Weyl’s economic ideas and concepts (some of whom are also discussed in his book ‘Radical Markets’).

More About Weyl And His Book

According to a recent interview with BreakerMag, Weyl stated that his current job profile is that of a researcher with Microsoft. He claims that his portfolio does not require him to do any “one particular task” but rather his role is to make sure that he’s adding value to Microsoft in some way or the other.

In regards to his recent book, Weyl stated that the point of his work is to establish mechanisms that can lead to

“sustainably egalitarian and decentralized societies”.

On the matter, he was also quoted as saying:

“ I think people in the [blockchain] world feel like they’ve strayed from their egalitarian values and they’re being punished by the gods of decentralization. The book’s ideas are built on these anti-speculation, anti-private property, pro-community values. That appeals to a lot of people who have thought: “This is the true path from which I’ve strayed. I should return to it.”

Final Take

While Weyl is big on blockchain tech and its potential, he did go on to add that bitcoin maximalists are really ruining it for the crypto community at large— since they want to establish a level of anonymity that really clashes with the ideals of universal transparency and national governance.

On the issue, he also added:

“That is precisely the totalitarian worldview. Everything is either public, or private. Ethereum starts to move away from that. The attitude is, there are going to be all these different things. That, fundamentally, is the architecture we need: diverse, overlapping communities, not a center and an individual.”

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