Which form of government is best to strive for under minarchism?

Levoberezhny

Minarchism is an extremely unstable state, where the cancerous tumor called the state has just been pushed into maximum remission by stripping it of as many functions and resources for their execution as possible, leaving only what simply cannot be taken away—either because officials resisted strongly, the people cannot understand how to manage without it, or something else.

Therefore, I understand the question roughly as follows: under which form of government will a minarchist state expand its powers most slowly? My answer: shareholder democracy. Historically, trading republics, such as Venice, were quite close to this method of management.

The point of this form of government is that the right to vote in the administration of the republic belongs to those who contribute to its functioning, and exactly to the extent to which they contribute. Modern technologies fully allow for quite complex voting with share packages, including options for delegating votes and revoking that delegation.

When people allocate their own money, they tend to maximize savings and are least inclined to give anyone the right to forcibly seize citizens’ money. This is precisely what makes them vigilantly monitor any potential abuses by authorized officials, which works more reliably than a simply formally drawn scheme of checks and balances.

One might wonder, how is this worse than a scheme with a benevolent dictator who unilaterally pays for all state functions out of their own pocket, providing state services to others? The problem is that everyone else must be guided by his sole conception of the common good, which can change unpredictably and rapidly. Simply compare the pace and amplitude of changes in the structures of Bitcoin and Ethereum.

At Montelibero, we are implementing exactly this form of government: both in the eponymous fund and in the land cooperative building the village. (These are two different entities with slightly different vote-counting mechanisms: in the village, we simply vote by square meters, and in the fund, a logarithmic formula for calculating vote weight currently applies so that no one can obtain a controlling interest.) So, I am not only reasoning theoretically about the best form of government, but I am also participating in the field testing of the one I consider to be the best.

Enrico Dandolo, Chairman of the Board of the Most Serene Republic of Venice

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