Push all decisions to the lowest effective level (subsidiarity): Local entities must control their economic destiny unless demonstrably necessary to e

David Shapiro’s Substack

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2024-11-10 22:00:05

Push all decisions to the lowest effective level (subsidiarity): Local entities must control their economic destiny unless demonstrably necessary to elevate to a higher level.

Require radical transparency by default: Organizations wielding significant economic power must operate transparently with increasing disclosure requirements as their influence grows.

End the socialization of private risk: Entities pursuing private gain must internalize their risks rather than offloading consequences onto society.

Information asymmetry is market failure: Hidden information enables exploitation and must be treated as a form of market manipulation.

Local ownership maximizes efficiency: Economic activity should be owned by those directly involved and affected unless scale advantages are clearly proven.

Minimize intermediaries between value creation and capture: Every layer between value creators and beneficiaries enables rent extraction and should be eliminated where possible.

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