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Comment by ekns

6 hours ago

LBO maybe. Optimal governance would fix all bad mechanisms e.g. incentive traps, shooting self in the foot stuff, obvious inefficiencies, etc. - so it would result in a better future with more growth and wealth.

The difference can be used to bargain with incumbents to compensate for their current position, while installing a new type of government in its place that is better. It's a pretty hard problem but I don't think it's impossible. I'm pursuing this kind of thing in Finland presently.