#52 - Glen Weyl on uprooting capitalism and democracy for a just society

#52 - Glen Weyl on uprooting capitalism and democracy for a just society

Pro-market economists love to wax rhapsodic about the capacity of markets to pull together the valuable local information spread across all of society about what people want and how to make it.

But when it comes to politics and voting - which also aim to aggregate the preferences and knowledge found in millions of individuals - the enthusiasm for finding clever institutional designs often turns to skepticism.

Today's guest, freewheeling economist Glen Weyl, won't have it, and is on a warpath to reform liberal democratic institutions in order to save them. Just last year he wrote Radical Markets: Uprooting Capitalism and Democracy for a Just Society with Eric Posner, but has already moved on, saying "in the 6 months since the book came out I've made more intellectual progress than in the whole 10 years before that."

Weyl believes we desperately need more efficient, equitable and decentralised ways to organise society, that take advantage of what each person knows, and his research agenda has already been making breakthroughs.

Links to learn more, summary and full transcript

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Despite a history in the best economics departments in the world - Harvard, Princeton, Yale and the University of Chicago - he is too worried for the future to sit in his office writing papers. Instead he has left the academy to try to inspire a social movement, RadicalxChange, with a vision of social reform as expansive as his own.

You can sign up for their conference in Detroit in March here

Economist Alex Tabarrok called his latest proposal, known as 'liberal radicalism', "a quantum leap in public-goods mechanism-design" - we explain how it works in the show. But the proposal, however good in theory, might struggle in the real world because it requires large subsidies, and compensates for people's selfishness so effectively that it might even be an overcorrection.

An earlier mechanism - 'quadratic voting' (QV) - would allow people to express the relative strength of their preferences in the democratic process. No longer would 51 people who support a proposal, but barely care about the issue, outvote 49 incredibly passionate opponents, predictably making society worse in the process. We explain exactly how in the episode.

Weyl points to studies showing that people are more likely to vote strongly not only about issues they *care* more about, but issues they *know* more about. He expects that allowing people to specialise and indicate when they know what they're talking about will create a democracy that does more to aggregate careful judgement, rather than just passionate ignorance.

But these and indeed all of Weyl's ideas have faced criticism. Some say the risk of unintended consequences is too great, or that they solve the wrong problem. Others see these proposals as unproven, impractical, or just another example of an intellectual engaged in grand social planning. I raise these concerns to see how he responds.

As big a topic as all of that is, this extended conversation also goes into the blockchain, problems with the effective altruism community and how auctions could replace private property. Don't miss it.

Get this episode by subscribing to our podcast on the world’s most pressing problems and how to solve them: type '80,000 Hours' into your podcasting app.

The 80,000 Hours Podcast is produced by Keiran Harris.

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#2 - David Spiegelhalter on risk, stats and improving understanding of science

#2 - David Spiegelhalter on risk, stats and improving understanding of science

Recorded in 2015 by Robert Wiblin with colleague Jess Whittlestone at the Centre for Effective Altruism, and recovered from the dusty 80,000 Hours archives. David Spiegelhalter is a statistician at the University of Cambridge and something of an academic celebrity in the UK. Part of his role is to improve the public understanding of risk - especially everyday risks we face like getting cancer or dying in a car crash. As a result he’s regularly in the media explaining numbers in the news, trying to assist both ordinary people and politicians focus on the important risks we face, and avoid being distracted by flashy risks that don’t actually have much impact. Summary, full transcript and extra links to learn more. To help make sense of the uncertainties we face in life he has had to invent concepts like the microlife, or a 30-minute change in life expectancy. (https://en.wikipedia.org/wiki/Microlife) We wanted to learn whether he thought a lifetime of work communicating science had actually had much impact on the world, and what advice he might have for people planning their careers today.

21 Juni 201733min

#1 - Miles Brundage on the world's desperate need for AI strategists and policy experts

#1 - Miles Brundage on the world's desperate need for AI strategists and policy experts

Robert Wiblin, Director of Research at 80,000 Hours speaks with Miles Brundage, research fellow at the University of Oxford's Future of Humanity Institute. Miles studies the social implications surrounding the development of new technologies and has a particular interest in artificial general intelligence, that is, an AI system that could do most or all of the tasks humans could do. This interview complements our profile of the importance of positively shaping artificial intelligence and our guide to careers in AI policy and strategy Full transcript, apply for personalised coaching to work on AI strategy, see what questions are asked when, and read extra resources to learn more.

5 Juni 201755min

#0 – Introducing the 80,000 Hours Podcast

#0 – Introducing the 80,000 Hours Podcast

80,000 Hours is a non-profit that provides research and other support to help people switch into careers that effectively tackle the world's most pressing problems. This podcast is just one of many things we offer, the others of which you can find at 80000hours.org. Since 2017 this show has been putting out interviews about the world's most pressing problems and how to solve them — which some people enjoy because they love to learn about important things, and others are using to figure out what they want to do with their careers or with their charitable giving. If you haven't yet spent a lot of time with 80,000 Hours or our general style of thinking, called effective altruism, it's probably really helpful to first go through the episodes that set the scene, explain our overall perspective on things, and generally offer all the background information you need to get the most out of the episodes we're making now. That's why we've made a new feed with ten carefully selected episodes from the show's archives, called 'Effective Altruism: An Introduction'. You can find it by searching for 'Effective Altruism' in your podcasting app or at 80000hours.org/intro. Or, if you’d rather listen on this feed, here are the ten episodes we recommend you listen to first: • #21 – Holden Karnofsky on the world's most intellectual foundation and how philanthropy can have maximum impact by taking big risks • #6 – Toby Ord on why the long-term future of humanity matters more than anything else and what we should do about it • #17 – Will MacAskill on why our descendants might view us as moral monsters • #39 – Spencer Greenberg on the scientific approach to updating your beliefs when you get new evidence • #44 – Paul Christiano on developing real solutions to the 'AI alignment problem' • #60 – What Professor Tetlock learned from 40 years studying how to predict the future • #46 – Hilary Greaves on moral cluelessness, population ethics and tackling global issues in academia • #71 – Benjamin Todd on the key ideas of 80,000 Hours • #50 – Dave Denkenberger on how we might feed all 8 billion people through a nuclear winter • 80,000 Hours Team chat #3 – Koehler and Todd on the core idea of effective altruism and how to argue for it

1 Maj 20173min

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