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That is assuming rational self interested actors and equal cost/benefit. We don't need to look very hard to find examples of irrationality and imbalanced incen
by woodman 11y ago
That is assuming rational self interested actors and equal cost/benefit. We don't need to look very hard to find examples of irrationality and imbalanced incentives. Also, how many times have you been exhorted to act against your own interests and think of the children? The road to hell is paved with good intentions.
- dibujante 11y agoIf these objections that you are raising were wrong, then we would live in a utopia. You're right that people fall short, but I think the point still stands that checks and balances can help overcome human unreliability, even if every human involved is unreliable. Just look at democratic institutions without checks and balances.
- woodman 11y agoI'm actually a big fan of the competing interests concept, it is a very eloquent solution. Where it goes off the rails though is the combination of that concept and the involuntary surrender of individual sovereignty to the very same people with whom your interests compete.