Escal says democracy is not just the voting, electoral process that we associate with it. Escal: Democracy has come to mean much more a set of values like metry of power. Another fundamental value toe democracy is what i would call "epistemic comparative advantage," he adds.
Author and Microsoft executive Glen Weyl talks about radical reforms of capitalism with EconTalk host Russ Roberts. Weyl is worried about the concentration of corporate power, especially in the tech sector. But rather than use the traditional tools of antitrust, he has a more radical strategy for reorganizing corporate governance entirely.