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by m-i-l·5y ago·view on hn ↗
I like the aim of encouraging legislation with long term benefits, but I'm not convinced that monetising this process is the answer. If the crises of the past few decades have taught us anything, it is that the market is not always right, or that the market is right except when it is wrong. As soon as you put money into the picture, you will attract the attention of those who will seek to exploit the system for their personal financial gain, even if that has negative affects for the society in which they live.
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But the system is already being exploited for personal financial gain. Making the financial stake explicit and legal removes it from the shadow area and aligns it better with the long-term goals of a nation.

What you cannot prevent, you should lead.

In my view, "making the financial stake explicit and legal" and "[removing] it from the shadow area" won't prevent abuse, but would simply legitimise it. But at the end of the day, I think this boils down to whether you are a market fundamentalist, i.e. whether you have faith in the markets to solve all social and economic problems, or not.