Juxtaposing three news articles from this week: the University of California considering a tuition hike, a new parliament in India and Sweden moving to a bitcoin-like official currency eKrona, leads one to cast a skeptical eye on whether the government is the rightful arbiter of how to best allocate tax revenues.
At a time when California communities are suffering from high unemployment due to COVID and education remains the one dependable pathway to higher income, it is unthinkable for the regents to further "tax" the populace.
In India, the ongoing farmer protests call into question the central government's method of running the country, the unnecessary money being spent build a shrine to autocracy provide the answer on how out of touch the new rajahs are with the populace.
While Swedish bankers can't keep track of the source of external money that flows into the country [1], they seem to be proactive in ensuring that the internal tax base is maintained and has improved traceability with the move to eKrona.
Rather than representing the people, the UC Regents and the government of India are operating like pseudo Decentralized Autonomous Organizations. Instead of the ideal software-contract run organizations where decisions are taken algorithmically and transparently, these organizations are "decentralized" in the sense that organization outlives the operatives and are "autonomous" in the sense that their decisions are not changeable by the people having a stake in them. An appropriate term for such organizations would be "Dysfunctional Autonomous Organizations."
What can a regular person do? Simply voting for a change does not seem to be enough. Thoughts?
