The Free-Money concept of the monetary reformer Silvio Gesell

Many aren’t very happy with our “fiat money” issued by a monopolist central bank. But what are the alternatives to our current system? Actually, there are quite a lot. What about this one:

Imagine your money had an expiry date. This would change a lot, don’t you think?

Find out more about this idea here: Hugo Godschalk: Free-Money matters: Some Considerations for a Seastead’s Monetary Order.

What should a nation state provide?

Nation states tend to cover a lot of issues – hospitals, schools, universities, etc. Many of these, however, are products and services that can also be provided by the private sector. What should a state take responsibility of – and what not? Some argue that states should only make sure that there is internal and external security – and nothing more. Keywords are: night-watchman state, minarchism, and Laissez Faire.

What do you think of this? Read more in this article: Roderick T. Long: Minarchism on Seasteads, in: Victor Tiberius (Ed.): Seasteads. Opportunities and Challenges for Small New Societies, Zurich (vdf).

More democracy – using our smartphones

When it comes to democracy, we’re still caught in our centuries-old systems. Take the US electoral college as an example. It stems from a time when horse-drawn carriages were the common way to travel. With today’s technology, we could vote on everything with our smartphones (using finger scanners, eye scannes, or the like). We could also vote on many more issues than today (referenda).

Do you like this idea? Read more about this in this article: Sean Mossey & Aroon P. Manoharan: Seasteads and E-Democracy: The Potential of Mobile Technology, in: Victor Tiberius (Ed.): Seasteads. Opportunities and Challenges for Small New Societies, Zurich (vdf).

New publication on Seasteads

seasteads-book_photo

Seasteads represent a tangible, near-future opportunity for multiple societal restarts.

Today, many nation states suffer from massive fundamental problems such as a lack of vision, disregard of the will of the people, excessive bureaucracy, over-restrictive regulations, economic inefficiency, rampant indebtedness, and so forth.

As it stands, we take societal institutions for granted. But they are only human constructions that became established over time. Everything could be done in another way: Why are marriages subject to public law—when they could simply be private contacts? Are all subjects that are taught at school worth teaching—which ones are missing, which ones can we strike off from the curriculum? Patents are temporary monopolies—should we still allow them? Should we keep measuring our prosperity in terms of GDP? As monopolies are usually regarded as bad: Why is there just one central bank and one currency in a state—and not several? Why do we elect politicians?—We could try E- or M-referenda for every decision, evidence-based politics, AI, or prediction markets instead. The list of questionable societal institutions could go on and on.

Just because things are done in a certain way by many people and for a long period of time doesn’t mean that this is the best way to do them. But the way things are today, nobody can actually do these issues in another, better way, because we are trapped in our over-complex, rigid systems. Due to apparently unbreakable path dependencies, no serious reforms and consistent improvements are in sight.

In contrast, the open sea is a clean slate. Just like outer space. Artificial settlements on the open sea make it possible to design new societies from scratch. On multiple seasteads, we can start multiple societal experiments. So, not only one, but many restarts are possible simultaneously. Seasteads make it possible to societally innovate. And for individuals, there is choice.

This book discusses opportunities and challenges of seasteads. Many “seasteaders” focus on technological aspects, and these are certainly challenging. However, the focus of this book is on socio‑philosophical, political, economic, and legal aspects of founding new, small societies of pro-active and productive individuals and groups. We must think about these things if we don’t want seasteads to become simply small versions of today’s nation states after a while. This book is explorative, exemplary, and normative. It presents paradigmatic ideas and suggestions. There are many more aspects that have to be discussed and this volume certainly can’t cover them all.

Find out more about the contents here: Seasteads book.

Abstracts of Latest Papers in Top-Ranked Management and Business Journals

I initiated an aggregated blog which features the abstracts of the latest papers being published in top-ranked management and business journals – such as: Academy of Management Annals, Academy of Management Journal, Academy of Management Perspectives, Academy of Management Review, Administrative Science Quarterly, Annual Review of Organizational Psychology and Organizational Behavior, Business Strategy and the Environment, Entrepreneuership Theory and Practice, Familiy Business Review, International Journal of Management Reviews, Journal of Applied Psychology, Journal of Business Venturing, Journal of International Business Studies, Journal of Management, Journal of Management Studies, Journal of Organizational Behavior, Journal of World Business, Leadership Quarterly, Long Range Planning Organization Science, Organizsational Research Methods, Personell Psychology, and Strategic Management Journal.

I hope, you’ll find it helpful.