Futarchy

Futarchy[note 1] is a political system devised by economist Robin Hanson, which can be described pithily as "Vote for Values, Bet on Beliefs". Essentially, a measurement of success for a policy is voted on (such as the percentage of students who pass a particular test designed and administered by some organization that is voted for) using standard democratic elections - the "Value" that all get to decide upon - and a decision market is set up to consider which actual policy would maximize the voted-in value - the "Belief", essentially, that a particular policy would end up increasing the final value.

To many people's disappointment, it does not in fact mean rule by trans women.

Notes
  1. The word would seem to come from the Latin verb futuere, meaning "to fuck."
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