How to pay for the maintenance cost of "public goods that do not work in isolation"
The issue of how to sustain the maintenance costs of public.icon public goods that cannot stand alone in unit economics is discussed in the context of Public Investment Involving Laws in Improvement. Specifically, the focus is on how to sustain the Judge system.
In a recent discussion, it was raised that the problem of how Futarchy can sustain public goods that require a certain level of independence and quality through continuous funding remains unresolved. For example, the independence of judges is ensured through stable treatment and a managed living environment. The issue also applies to financially unprofitable infrastructure companies. shogochiaishogochiai.icon July 27, 2021
Currently, the maintenance costs are simply covered by taxes. As a thought experiment, this discussion assumes the use of Futarchy or its successor, Retroactive Public Goods Funding.
Indeed, this seems to be a case of something that is economically rational when viewed at the national level but not at the project level, such as in the case of judges. Do you think that dividing or combining them would not solve the issue? While judges may not have meaning on their own, they are necessary when viewed at the national level. It's like saying "We must sustain Futarchy." tkgshntkgshn.icon October 4, 2021
Public discussions involve only a small portion of the elements that constitute economic rationality (Pareto Efficiency), and various public goods are maintained regardless of cost in order to protect human rights and ensure the soundness of democracy, which is a prerequisite. Profit-oriented organizations, as a collective of poets, have profit as their purpose, so their purpose differs from that of the organization as a whole. shogochiaishogochiai.icon October 5, 2021
In conclusion, the government's decision to only invest in things that are visibly useful is poorly executed. As a result, there have been mistakes in the Privatization of Water Supply. shogochiaishogochiai.icon October 5, 2021
In other words, for the Futarchy system, which relies on a Result Oracle and KPI-based retrospective evaluation, the maintenance of public goods can be achieved through "forecasting and management of KPIs that are faithful to the constitution, within which the state is constrained." GDP alone is not the only KPI. It seems that budget allocation needs to be divided accordingly. shogochiaishogochiai.icon October 5, 2021