Maybe in 2022, in an election year, the Lucky Country will reward those intrepid politicians who seek to play positive sum policy reform games. This approach means embracing reforms that encourage voluntary exchanges between parties that incorporate mutually beneficial trade gains.

Done rightly, successful trades (unlike contracts that restrain trade) benefit third parties by increasing their opportunities for exchanges. Win-win contracts leave not only their immediate parties, but the rest of the world better off too. With lower transaction costs, overall human happiness is advanced. A leading proponent of this reform approach is the contract lawyer and eminent legal scholar Professor Richard Epstein from New York University.