Equal Rights Libertarian

Home » Problems and Solutions » Voluntary Exchange Solution

Voluntary Exchange Solution

If we are serious about pursuit of happiness, the only way is to limit use of violence (government) only to prevention of violent exchange and minimization of government involvement in voluntary exchange to informational support. Individuals should make all exchange decisions, while bureaucrats should be limited to accumulating and providing information and nothing else.
The way Solution could work is not complicated logically. The bureaucrats or more precisely computer system would collect information from all parties that initiate exchange before and after exchange occurred. This would include as the most important part details of expectation before and satisfaction / dissatisfaction after exchange. This information about previous history of exchanges would be available to everybody at any time on demand. An important thing to keep in mind is that it is first and foremost information about individual who is participating in exchange. Seller always knows more about goods and services he/she is peddling then buyer, but if result of exchange have impact on one’s trustworthiness score, the individual with perfect cheating personality will loose ability to sell anything long before adulthood.
As result every individual would be able to have necessary information to make decision and enjoy or suffer consequences of this decision without interference from any third parties such as government bureaucrats. With technology we already have this solution quite feasible, even if it would take a considerable effort to implement.
 Let’s just go through a hypothetical example of buying car. The first step could be to look at existing cars. Remember, we limited government to the role of information collector and provider, so there are no government regulations. Whoever manufactured car does not have to comply with anything except to provide characteristics of the car for government database. Moreover the core interest of salesperson would be not just to sell car, but make sure that buyers expectations are realistic and will not cause him/her grief later on.
However it is not all. Everybody who ever bought or used such car would leave a trace in database even if he/she would do nothing. In case of doing nothing the assumption would be used that it is average car for its class that would provide average level of satisfaction for user of your age, type of personality and so on. By continuing transaction person would confirm that average level is acceptable, or could specify in which way his/hers specific expectations are deviate from average. When one done with the car either after many year of happy use or after couple hours of rent, the result of meeting / not meeting expectation would be added to database. All this information would be available to buyer/renter together with detailed statistics for this type of car including incidents and so on.  With all this information at one’s fingertips the decision would become more difficult, but it would be individual’s decision not some bureaucrat’s who would decide that this car is good and save for use.
 The same method would apply to people. Instead of granting doctor’s license government would just collect information about activities and results of individual who offers medical services. Whether one prefers to use services of experienced graduate of the best medical school or local voodoo practitioner, as soon as information about previous history of a practitioner and outcomes of his/her previous efforts are easily available it is a fair play and there is no need in any other government intervention.
 Obviously either in case of car or in case of medical services some people will try to cheat. In this situation it would be a task for government violent machinery and the cheating would be much more difficult to do with abundant information about individual’s past.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: