Summary of Assembly 2022 | New Institutions in the Network Age

00:00:00 - 00:40:00

In this video, Samo Bismarck discusses the negative effects of institutional decline, and shares his thoughts on the 2020s and 21st century decline of institutions. He talks about how the internet is changing how people interact, and how this is leading to the need for new cities. He talks about how Ethereum is a key part of helping to create these new cities, and how it has the potential to change the world for the better.

• 00:00:00 In this video, Samo discusses the negative effects of institutional decline, which he has been thinking about for a long time. He shares his thoughts on the 2020s and 21st century decline of institutions. Bismarck Analysis, a political risk consulting firm, offers intelligence on influential individuals and conflicts around the world.
• 00:05:00 The author of the video discusses how the world is changing, and how this is leading to a need for new institutions. He talks about how the internet is changing how people interact, and how this is leading to the need for new cities. He talks about how Ethereum is a key part of helping to create these new cities, and how it has the potential to change the world for the better.
• 00:10:00 The speaker discusses the importance of building tools to help people work better together, and talks about the pros and cons of Dallas, its current state, and what needs to be built to improve it.
• 00:15:00 In this video, Jordan Curtis discusses the inefficient centralized governance structures found in traditional corporations and how they are not applicable to modern industrial civilizations. He also discusses the practice of mukuyoshi, which is son-in-law adoption in Japan.
• 00:20:00 The speaker discusses the idea that organizations will increasingly be transient and viral in nature, and that the first understandings of these new organizations will be rooted in understanding the architecture of the underlying networks. They discuss the criticisms that are thrown at Dallas, which are that the organization is messy and ungovernable. The speaker argues that these criticisms are the same criticisms that are thrown at democracy, and that all democracies eventually converge on a form of democratic centralism.
• 00:25:00 The speaker discusses how mass democracy is unreliable, and how it can lead to its opposite, which is mass dictatorship. They also mention how some aspects of democracy, like the separation of powers, can be counterproductive in the modern world. The speaker argues that Dowels are more suited to the modern world, as they are decentralized and organized around interests and topics.
• 00:30:00 The panel discussion discussed the idea of a "network state," or a state in which different organizations work together in order to achieve a common goal. Casey points out that it would be difficult to achieve a network state against the will of the powerful, and the panelists discuss other possible ways in which digital and physical lives are blurring together. They note that in order to create a new city, you need a functioning labor market, access to capital, and a shared vision. This discussion is an interesting look into the future of coordination and organization, and it provides food for thought for anyone interested in these topics.
• 00:35:00 The video discusses the transformation of cities and the role of new institutions in facilitating this change. It cites the example of 12,000 people who moved to Miami in just a few years, and talks about how existing institutions may be incompatible with the new economy. Aaron Van Wirdum, a co-founder of Dows, discusses how crypto can be used to support creative projects. Casey Mulligan, a finance professor at Stanford University, offers his pessimistic and optimistic perspectives on the future of crypto and new institutions.
• 00:40:00 The speaker discusses pessimism about the future of institutional reform, noting that Estonia is an example of a country that has successfully replaced its bureaucratic system with algorithms. He encourages optimism about the future, citing the example of Galen, who said, "give people the tools and let them organize themselves."