'Politics' is a massive category, and has a disproportionate share of the important issues (relative to, say, randomly selected academic topics). In the long run (assuming there will be a long run), reinforcing the intellectual norm that politics is low-status and impossible to productively discuss is surely a bad thing if we think that it's at all important to get political questions right. It will function to make politics increasingly intellectually impoverished and divisive, as we keep seeing more and more of the calmest and sanest thinkers avert their eyes from politics and from political theory.
Because politics is so dangerous to talk about, especially high-level rationalists should be encouraged to practice their craft on it sometimes, to improve the state of the discourse, contribute important new ideas to it, and further hone their own knowledge and anti-mindkill skills.
That said, I agree that at this moment the risks of a politics open thread on LW probably outweigh the benefits. I would suggest instead an off-site politics discussion forum maintained by passionately dispassionate LWers, intended for discussants and posts with LW-like quality levels and topics. (If there already is such a thing, do let me know!) Since it would be off-site, there would be less risk of bleed-over, particularly since we'd have flexibility to implement extreme measures like:
What do you think?
I think yes. Are the chances of this happening >20%?
Summary: I propose we somewhat relax our stance on political speech on Less Wrong.
Related: The mind-killer, Mind-killer
A recent series of posts by a well-meaning troll (example) has caused me to re-examine our "no-politics" norm. I believe there has been some unintentional creep from the original intent of Politics is the Mind-Killer. In that article, Eliezer is arguing that discussions here (actually on Overcoming Bias) should not use examples from politics in discussions that are not about politics, since they distract from the lesson. Note the final paragraph:
So, the original intent was not to ban political speech altogether, but to encourage us to come up with less-charged examples where possible. If the subject you're really talking about is politics, and it relates directly to rationality, then you should be able to post about it without getting downvotes strictly because "politics is the mind-killer".
It could be that this drift is less of a community norm than I perceive, and there are just a few folks (myself included) that have taken the original message too far. If so, consider this a message just to those folks such as myself.
Of course, politics would still be off-topic in the comment threads of most posts. There should probably be a special open thread (or another forum) to which drive-by political activists can be directed, instead of simply saying "We don't talk about politics here".
David_Gerard makes a similar point here (though FWIW, I came up with this title independently).