“DAOs are very distant from the on the ground problems that people face”
Pick any on the ground problem that people face and it can be traced back to lack of resources caused by the grow or die mentality of capitalism. We are losing the rich/poor gap equation. Redistribution of wealth and power to better serve the masses is a complex problem. To address on the ground problems think in terms of taking two steps back in able to take one step forward… see the true problem and search for solutions to that problem.
“The banking institutions of today were enormously liberating institutions for the vast majority of 18th, 19th, and 20th century. Before the introduction of retail banking in the 15th or 16th century the only people who had access to banking were princes and kings. The only person who could write a cheque, drawn on the treasury, was a king. Early retail banks were started by the merchant class who were persecuted for making banking available to the masses. These institutions gave freedom to billions of people. By empowering them to join in corporations, associations, to manage their money, to have free commerce, to be able to save.
At some point however, because their scaling in a hierarchical model in the form of a pyramid structure the industrial model of bureaucratic organization where you have layers upon layers in order to scale an organization, that scale collapses at some point. At some point the distance between the decision-makers at the top of the pyramid and the people affected by those decisions at the bottom becomes too great, the responsibility too diluted, and the organization fails to make good decisions. It’s an architectural problem.
The way it is solved is by decentralized flat architectures that are enabled by software where governance is done on a network rather than through a bureaucracy. Bureaucracies were a great invention of the 18th century, banking is a great invention of the 16th century, these inventions raised billions out of poverty. But now they have failed to scale. And now we need new institutions to save the 21st century without destroying our planet.” - Andreas Antonopoulos