LegalHub: theory: Difference between revisions

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So where does this leave us?
So where does this leave us?


[[Rent-seeking]] encourages us to squirrel away [[Verbiage|verbal mush]] on the grounds that it is “proprietary technology”: we straight-facedly say “my [[fifteen minutes]] of effort, wherein I rendered a [[Contracts (Rights of Third Parties) Act 1999|Contracts (Rights of Third Parties) Act clause]], must perpetually be rewarded.” This is a profoundly ''awful'' disposition. Sorry, folks, but there is ''nothing'' — utterly nil — that is special, clever or even desirable about legal [[boilerplate]]. It is to witness marginal utility at the point it touches zero: it is the dreary formality one must go through ''to get to the heart of the deal''. The same goes, my friends, for your ISDA schedule — yes, friends, the whole god-forsaken thing, even the customised {{isdaprov|ATE}}s. No-one ''cares''. No-one ''likes'' it. No-one ''wants'' it. It is a regrettable externality; a grim fact of life. It is not the act; it is the rubber johnny and the [[signed, sealed, delivered|duly witnessed]] consent and [[disclaimer]] you need ''before'' you get on with it.<ref>Oh, and make sure there’s a [[counterparts]] clause for good measure.</ref> [[Ask nicely|It is the mask you need to go into the supermarket]].
[[Mick Jagger]] and [[Keith Richards]] composed [[Satisfaction]] in 15 minutes whilst sitting by a pool in Florida. They are still, 55 years later, reaping colossal dividends from that inspired quarter hour. Fair play to them:  this may be what the law prescribes, but it is bad law and it is a horrible model for [[reg tech]].
 
[[Rent-seeking]] encourages us to squirrel away [[Verbiage|verbal mush]] on the grounds that it is “proprietary technology”: [[rentier]]s straight-facedly say “my [[fifteen minutes]] of effort must perpetually be rewarded.”  
 
This is a profoundly ''awful'' disposition. There is ''nothing'' — utterly nil — that is special, clever or even ''desirable'' about legal [[boilerplate]].  
 
 
Boilerplate is to witness [[marginal utility]] at the point it touches zero: it is the dreary formality one must go through ''to get to the heart of the deal''. The same goes for that ISDA schedule — yes, friends, the whole god-forsaken thing, even the customised {{isdaprov|ATE}}s. No-one ''cares''. No-one ''likes'' it. No-one ''wants'' it. It is a regrettable externality; a grim fact of life. It is not the sausages; it is [[Ask nicely|the mask you need to go into the supermarket]] so you can ''get'' the sausages.


===[[Extended phenotype]]s and the mercurial arrow of [[causation]]===
===[[Extended phenotype]]s and the mercurial arrow of [[causation]]===
So these [[feedback loop]]s drive us ''away'' from the place we want to go. Instead of a self-service ethos of simplified, standardised, user-friendly<ref>And no, the “user” is ''not'' the [[legal eagle]]: the user is the ''client''.</ref> components that, though continual refinement are honed, standardised and further simplified, we have processes which keep their existing convolution, get worse, all the time supporting a more elaborate infrastructure that purportedly is there to support them.  
So these [[feedback loop]]s drive us ''away'' from the place we want to go. Instead of a self-service ethos of simplified, standardised, user-friendly<ref>And no, the “user” is ''not'' the [[legal eagle]]: the user is the ''client''.</ref> components that, though continual refinement, are honed, standardised and simplified, we have processes which keep their existing convolution, get worse, all the time supporting a more elaborate infrastructure that purportedly is there to support them.
 
Recall once again, {{author|Yuval Harari}}’s observation about the domestication of wheat,<ref>Harari’s suggestion, which owes something to [[Douglas Adams]] and his [[The Hitch-Hiker’s Guide to the Galaxy|pan-dimensional hyper-intelligent mice]], is that ''wheat'' domesticated ''homo sapiens'' and not ''vice versa''. See https://www.ynharari.com/topic/ecology/ </ref> and apply it here: is the [[rent-seeking]] re-intermediated support structure that has evolved some kind of [[extended phenotype]]: a marvellous beaver dam; an adaptation wrought magically on the environment so delicate but vital process can survive, ''or is it the ''opposite''? Is the ''process'' an adaptation, an [[extended phenotype]] upon which the whole [[rent-seeking]] infrastructure depends to survive? Which way does the causal arrow flow?
 
''Who'' has domesticated ''whom''?
 
Bear in mind that staying with this process is not a zero-cost option. This infrastructure is ''monstrously'' expensive. Every year, it costs tens or hundreds of millions of dollars. ''For each firm''.  


Recall once again, {{author|Yuval Harari}}’s observation about the domestication of wheat,<ref>Harari’s suggestion, which owes something to [[Douglas Adams]] and his [[The Hitch-Hiker’s Guide to the Galaxy|pan-dimensional hyper-intelligent mice]], is that ''wheat'' domesticated ''homo sapiens'' and not ''vice versa''. See https://www.ynharari.com/topic/ecology/ </ref> and apply it here: is the [[rent-seeking]] re-intermediated support structure that has evolved an some kind of [[extended phenotype]]: a beaver dam; an adaptation wrought on the environment to ensure the process can survive, ''or is it the ''opposite''? Is the process is an external adaptation that this [[rent-seeking]] infrastructure depends upon to survive. Which way does the causal arrow flow? ''Who'' has domesticated ''whom''?
Spend your good money here, instead of throwing it after the bad money you’ve spent there.


Now bear in mind this: staying with this process is not a zero-cost option. Staying with this infrastructure is ''monstrously'' expensive. Every year, this is costing you tens or hundreds of millions of dollars. ''Each''. There is good money to spend to stop you throwing other good money after bad. ''[[Contract negotiation]] is not a profit centre for any client. It is a cost.''
''[[Contract negotiation]] is not a profit centre for ''any'' client. It is a cost.''


===What to do===
===What to do===
Design a system with feedback loops that push us towards a simplified, standardised centre, that emphasises transparency and commonality, not proprietary technology. In essence, a GitHub for legal terms:
Design a system with [[feedback loop]]s that push us towards a simplified, standardised centre, that emphasises transparency and commonality, not proprietary technology. In essence, a GitHub for legal terms:
*'''A centralised hub''' with free, unlimited access for everyone whether as a user or a contributor.
*'''A centralised hub''' with free, unlimited access for everyone whether as a user or a contributor.
*'''A phased approach''' moving gradually from traditional text-based contracts — how folks do things now, for better or worse — to networked, authenticated smart contracts.  
*'''A phased approach''' moving gradually from traditional text-based contracts — how folks do things now, for better or worse — to networked, authenticated smart contracts.