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Competition has increasingly become "winner take all". In this type of cutthroat world, the value of work is not correlated with total output. Luck begins to p
by pontifier 6y ago
Competition has increasingly become "winner take all".
In this type of cutthroat world, the value of work is not correlated with total output. Luck begins to play a much more important role, as it's no longer enough to perform well. You must perform well and have nothing go wrong.
When margins become this thin, contingency plans become unfavored wastes of resources. After recovering from a setback you're unlikely to win, and when second place doesn't pay the bills, it's better to conserve resources so you "Fail Fast".
Second place shouldn't mean death.
Social safety nets seem to be a possible solution to this competition dilemma. I believe we should strive to help everyone in our society build the lower levels of their Maslow's Hierarchy on a solid foundation.
I believe that a Universal Basic Income could be a major component in a strategy to accomplish this goal.