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The problem is that there is a huge incentive-incompatibility problem at all levels of government. It is a structural problem inherent to system thereof and is
by missedthecue 7y ago
The problem is that there is a huge incentive-incompatibility problem at all levels of government. It is a structural problem inherent to system thereof and is the source of the inefficiency issues. It cannot be avoided by piling on more incentive-incompatibility. You cannot fix a flaw by adding more flaw. This is why they fuck up so much from your local DMV to the federal $2 trillion stimulus program.
- radicalbyte 7y agoAnd the entire banking system in 2008 wasn't built on a pyramid of f-ups? What about the US healthcare system? Cable TV / internet? Or the rail network in the UK? I'd argue that commercial systems have a stronger systemic problem which leads to inefficiencies on a larger scale than governments. We only really see good results when we combine markets with strong government involvements to keep them fair; and that is extremely hard to get right because of regulatory capture.