2 ms·
When A and B make a deal, it can negatively affect C. Over time, this builds up and can also hurt A and B later when they are “the C”. But most decision makers
by EGreg 4y ago
When A and B make a deal, it can negatively affect C. Over time, this builds up and can also hurt A and B later when they are “the C”. But most decision makers are pushed and don’t understand that everyone acting in their own individual self-interest gets them short-term wins but can create a downward spiral systemically for everyone.
Example: the Great Depression as farmers all were in a race to the bottom due to automation, laying off farmhands and producting a glut of products. The US government had to step in and pay them not to plant, thereby breaking the downward spiral of everyone acting in their own individual self-interest.