I don’t see how any government functions after the first few days. By that time, everyone knows they’re looping. So why go work? Maybe a small percent will but a vast majority of people will just do their own thing. No need to worry about job security when you’ll wake up tomorrow with the same amount of money.

Personally, I think the world would probably be very pleasant if we all looped. No one would be able to take anything from you, since you’d get it right back the next day. Might just be boring after a couple thousand loops, as no new movies, games or news would be able to be produced.