Patri Friedman of Pronomos Capital — The Future of Governance, Charter Cities, and Markets

Jul 14, 2020

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My long term goal is to create a world where people can start countries. Like they start companies today.

In this episode of Build The Future, we talk with Patri Friedman (@patrissimo), the founder of Pronomos Capital where they're supporting the development of charter cities and new forms of governance. In doing so, they're building the future of how new cities are creating, how they're run, and how they innovate.

Key Ideas

Law as Code, Cites as Product — Similar to code, law can operate as an open source library or database of the best laws that people around the world are continually contributing to and adapting. As a result, the cities and governments that are built off of these laws will be best positioned to serve their people.
Everything as Insurance — In these charter cities, insurance would be used as a way to control who is allowed to visit the city. Everyone may buy liability insurance based on the risk they pose given their past history, psychological profile, and assets they own. Rather than being discriminatory, the efficiency of markets could make this a very accurate model reducing and providing compensation for any harm or damage that occurs.
Markets Eating the World — By creating more markets, such as a market for governments, competition between different ways of doing things will arise which forces those who want to be at the forefront to optimize and improve their solutions.

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