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Radical Markets

Uprooting Capitalism and Democracy for a Just Society
Summary:

The book presents a series of innovative and provocative economic reforms designed to reduce inequality, stimulate growth, and revitalize democracy. It introduces concepts like the Common Ownership Self-Assessed Tax (COST) on assets to encourage optimal use and a new voting system called Quadratic Voting to better reflect collective preferences.

Key points:

1. Property as Monopoly: The book suggests that private property leads to monopolies and inefficiencies. It proposes a system where property ownership requires constant bidding, with the highest bid setting a tax rate, to ensure assets are used most effectively.

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