(This is a guest post by Below Potential – ed)
If you are interested in economics and/or political thought, you may have come across the following three terms:
- Competitive Governance
- Seasteading
- Free Private Cities
The purpose of this post is to explain in a clear and concise manner the economic and political thought behind each of these terms. Of particular importance is to understand how these terms, respectively, the ideas behind them relate to each other.
The Market for Governance
In contrast to other markets, the market for governance has been producing meagre results. Products (the bundle of rules and public goods provided by governments) are low-quality, prices (taxes) are high and the customers (the citizens) are generally unsatisfied.
The reason for this is lack of competition. In a competitive market producers of bad products are weeded out by natural selection. In the governance industry, producers (governments) are not subject to…
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Utopia, you are standing in it! 
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