Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc...
by stretchwithme on Monday April 12, 2021 @04:45PM
(#26784932)
We need to fix how we select our representation.
Winner-take-all elections lead to weak control over who represents your interests. It's like being party to a lawsuit where one attorney represents all parties.
And you can't fire your attorney for four years.
In the single attorney situation, SELECTING the attorney would be the major struggle. And then that attorney has all the power. The parties would then have to lobby the attorney to win the case.
And that's why our elections have become such a struggle and why lobbyists can buy votes.
And that's why Wall street firms can call up their friends and get a multi-billion dollar bailout.
Winner-take-all elections lead to weak control over who represents your interests. It's like being party to a lawsuit where one attorney represents all parties.
And you can't fire your attorney for four years.
In the single attorney situation, SELECTING the attorney would be the major struggle. And then that attorney has all the power. The parties would then have to lobby the attorney to win the case.
And that's why our elections have become such a struggle and why lobbyists can buy votes.
And that's why Wall street firms can call up their friends and get a multi-billion dollar bailout.