2 ms·
I find the concept of "moral hazard" foul when applied to things like retirement provision, social healthcare and social security. It is used a justification to
by Nursie 5y ago
I find the concept of "moral hazard" foul when applied to things like retirement provision, social healthcare and social security. It is used a justification to let others rot and starve.
- bumby 5y agoI know that's a common feeling, but I tend to view it as an acknowledgement that we need to understand the behavior being incentivized rather than an actual statement about morals which can be endlessly debated. There's some irony in the phrasing used to decry the term "moral hazard" though in that it seems to hint of morals itself.
- Nursie 5y agoI think perhaps that's part of my issue with it - "moral hazard" appears to be backwards, it is often used to justify what appear to be very immoral policies and outcomes.
- deleted 5y ago[deleted]