It is a very intriguing idea, but I can't help but think that what would sustain it is the very regulatory mechanisms that have plagued us..........? If nothing else, maybe it would create flexibility? (Good thing the snow is gone--I can find some wintergreen leaves to chew on.)
It surely starts there, but over time it diverges as more land uses and regulatory functions are privatized. There could well be some ugly legal battles along the way. There is no alternative but to try else we face the historic truism that the accrual of civic power is irreversible without the price of blood.
I don't know how it'll strike you, but I see it as a way to suck all the wind out of governmental regulation enforcement machinery entirely and provide the "flexibilty" and motivation without all the contentiousness we're all dying for an end to... finally!!! Warning: It's not for "shallow" thinkers!
In fact, you'll want to review it several times, then refer to it as you become an engaging, intriguing, iconoclastic conversationalist. (as well as a conservationist)(grin)
I must stop now, lest I hyperventilate and oversell.