5 ms·
I know I'm going to sound like a broken record when I say this because I recently learned about this thing called principal agent problem and now everything in
by mcny 9y ago
I know I'm going to sound like a broken record when I say this because I recently learned about this thing called principal agent problem and now everything in the world looks like it to me (when all you have is a hammer yada yada)
So with the apology it of the way, there is a lot of what we can call inefficiency when we look at things from a bird's eye view. Of course, usually someone else benefits from it.
Even if you ignore my silly comparison, there are new individuals born everyday. We don't all start from an equal position. Not that I have a better solution but you could argue some are in a better position to exploit certain opportunities than others are.