In the standard way when a “market of ideas” it is mean that some ideas are good or fruitful and will eventually be found that way or that some ideas have stronger arguments and can win out in debates.
Here the “market of ideas” functions in more immediate gut reactions. Ideas win out because their advocates are wealthy, not ideas winning out because their advocates are numerous. A contest of who waves their flags the most vigorous.
I guess there is a similar juxtaposition or sliding scale of democrasy vs demagogy.
In traditional democratic countries there is a universal and equal right to vote, everybody gets one. If you could buy additional votes if you wish, it would be significantly less egalitatrarian and signficantly more oligargic. Providing the winners of previous votes more voting power makes the system cascade into strong winners and losers fast.
A further thought is that those with more glory can be seen almost as elected experts. Their glory is assigned to them by votes after all. This is an important distinction from an oligarchy. I would actually be inclined to see the glory system as located on a continuum between direct demcracy and representative democracy.
So, keep in mind that by having the first vote free and worth double the paid votes does tilt things more towards democracy. That being said, I am inclined to see glory as a kind of proxy for past agreement and merit, and a rough way to approximate liquid democracy where you can proxy your vote to others or vote yourself.
In this alternative “market of ideas” the ideas win out because people who others trust to have good opinions are able to leverage that trust. Decisions over the merit of the given arguments are aggregated by vote. As long as the population is sufficiently diverse, this should result in an example of the Wisdom of Crowds phenomenon.
I don’t think it’ll dissolve into a mere flag waving contest, anymore than the existing Karma system on Reddit and Less Wrong does already.
In the standard way when a “market of ideas” it is mean that some ideas are good or fruitful and will eventually be found that way or that some ideas have stronger arguments and can win out in debates.
Here the “market of ideas” functions in more immediate gut reactions. Ideas win out because their advocates are wealthy, not ideas winning out because their advocates are numerous. A contest of who waves their flags the most vigorous.
I guess there is a similar juxtaposition or sliding scale of democrasy vs demagogy.
In traditional democratic countries there is a universal and equal right to vote, everybody gets one. If you could buy additional votes if you wish, it would be significantly less egalitatrarian and signficantly more oligargic. Providing the winners of previous votes more voting power makes the system cascade into strong winners and losers fast.
A further thought is that those with more glory can be seen almost as elected experts. Their glory is assigned to them by votes after all. This is an important distinction from an oligarchy. I would actually be inclined to see the glory system as located on a continuum between direct demcracy and representative democracy.
So, keep in mind that by having the first vote free and worth double the paid votes does tilt things more towards democracy. That being said, I am inclined to see glory as a kind of proxy for past agreement and merit, and a rough way to approximate liquid democracy where you can proxy your vote to others or vote yourself.
In this alternative “market of ideas” the ideas win out because people who others trust to have good opinions are able to leverage that trust. Decisions over the merit of the given arguments are aggregated by vote. As long as the population is sufficiently diverse, this should result in an example of the Wisdom of Crowds phenomenon.
I don’t think it’ll dissolve into a mere flag waving contest, anymore than the existing Karma system on Reddit and Less Wrong does already.