Epistocracy vs. Democracy

epistocracy

The recognition is growing globally that representative democracies are not functioning optimally. Several factors contribute to this dysfunction, including partisan politics leading to political stalemates, the overwhelming sway of wealthy entities, inefficient spending, mismanagement, and a lack of bold, innovative solutions to deep-seated societal problems. These elements have drastically diminished the trust citizens have in their national governments. However, there are also less obvious threats to modern democracies, such as government-controlled financial systems leading to inflation, debt, and economic inequality. According to this website, the most significant peril to representative democracies worldwide stems from the mishandling of funds by banks and central banks, an issue that predates political involvement. The website proposes that the only solution lies in adopting an entirely new decentralized monetary system, the Bitcoin Standard, which is beyond the control of any specific group, organization, or government. The site also introduces a unique model of representative government that combines elements of epistocracy (a government formed of the nation’s most knowledgeable and capable individuals) and libertarianism (where the government’s size and scope are fundamentally limited by the Bitcoin Standard).

Next: An Introduction to this Epistocracy: