Update 05-externality-exchange-auction.md

This commit is contained in:
wellspringcp
2021-08-31 01:05:59 +10:00
committed by GitHub
parent 0371fe779c
commit ff2492d8d1

View File

@@ -1,14 +1,12 @@
# Wellspring general governing laws:
# Wellspring: Externality Exchange Auction:
## Externality Exchange Auction
### Purpose
## Purpose
This service shall be provided by the Informative branch of government and funded by taxes and service fees/commissions to inform the economy of services which have effectual demand but have externality properties. It shall also be the benchmark for market rate when needed for government references and the mechanism for coordinating relief in the event of natural disasters.
All property expropriated by government as a result of court judgments shall be listed on this auction in the format best suited to maximize revenue after a reasonable time has passed, and only if there is no ongoing legal dispute over the property.
### Natural disasters
## Natural disasters
When a natural disaster does occur, the Informative branch shall ensure that it deploys proactive agents to the area to take continuous surveys of the demand for goods and services and ensure that they get listed on the Externality Exchange Auction so that opportunistic, profit-seeking entrepreneurs can be informed of what is in demand for reconstruction and bring their capitals to bear on the locale of the disaster quickly.