The podcast discusses the concept of a governance revolution, exploring avenues for innovation in governance such as layered governance, proprietary governance, and state-reinforced self-governance.
Cedric highlights the work of Lin Ostrom and her approach to managing common pool resources, emphasizing the power of communities to solve their own problems through collaborative governance and polycentric governance.
Deep dives
The Outset of a Governance Revolution
The podcast explores Cedric Wernie's argument that we are at the beginning of a governance revolution. He explains the concept of innovation in governance and highlights various historical examples, such as secret balloting and central banking, as forms of governance innovation. Cedric identifies three main avenues for future innovation: layered governance, proprietary governance, and state-reinforced self-governance. He discusses the potential of special economic zones (SEZs) and alliances between SEZs as a second layer of governance, allowing communities to have more control and experiment with different models of organization.
Solving Tragedy of the Commons with Lin Ostrom's Principles
The conversation delves into the work of Lin Ostrom and her approach to managing common pool resources (CPRs). Cedric discusses Ostrom's pushback against centralization and technocracy, highlighting her belief in the ability of communities to solve their own problems. He shares a specific case study on groundwater management in the Los Angeles metropolitan area, where stakeholders used voluntary agreements, data collection, and collaborative governance to address over-pumping and salination issues. Cedric emphasizes the concept of polycentric governance, where multiple centers of governance interact to find solutions within a CPR.
De-Terraritization of Goods and Services
The podcast explores the trend of de-territarization, where goods and services are becoming more abstract and digital in nature. Cedric provides examples such as online shopping, telehealth, online schooling, online arbitration, virtual socialization, and virtual events. He emphasizes how this trend, combined with the prioritization of cities as consumption bundles rather than just job markets, can lead to interesting dynamics in the future, where cities become more focused on affinity-based agglomeration.
An Optimistic Vision for the Future
In conclusion, Cedric envisions a future with more experimentation in governance, propelled by innovation in layered governance, proprietary governance, and state-reinforced self-governance. He emphasizes the power of communities to solve their own problems and challenges the pessimistic view of fixed politics. Cedric's optimistic vision aligns with the concepts of regenerative crypto-economics and decentralized decision-making, where people have the agency to shape their governance systems.
----- Can there be a Revolution in Social Organization?
Joining the podcast today is Cedric Warny, a Machine Learning Scientist and Engineer who currently works at Motional, a Self Driving Car Company. We touch upon Cedri Warny’s Governance Revolution Blog Post and how it relates to Elinor Ostrom Work.
0:00 Intro 2:15 Introducing: Governance Revolution 9:12 The Role of Exit Options 12:28 Will Coerciveness Re-Evolve? 14:52 Linking Elinor Ostrom Principles 22:02 Elinor Ostrom Case Studies 34:28 What would Success look like? 41:22 Closing Thoughts
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures
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