3 ms·
Money, as you're defining it, is a good example of Goodhart's law: when a metric becomes a target, that metric becomes useless. Money, initially, may have been
by polygamous_bat 3y ago
Money, as you're defining it, is a good example of Goodhart's law: when a metric becomes a target, that metric becomes useless.
Money, initially, may have been a good metric to judge which role is contributing more to society. But soon, a parasite class emerges whose goal is to maximize "money" itself regardless of what value they are providing to society. Just like any other metric, the concept of money as a yardstick of "good for all of us" has failed a long time ago because of that.
- LatteLazy 3y agoI don't think that's 100% true. But I also don't think it's 100% false. I think it's a problem people pursue money they don't actually intend to spend. But I also think people buying the "wrong" things (chocolate instead of vegetables, bank bailouts instead of universal healthcare) is a weird mix of feature and flaw. Or at least it is just a reflection of human beings own flaws.