> So maybe the “cargo cult” is the ruthless pursuit of profit, as opposed to constant reinvestment in the firm. It’s an old story, an individual or group of in

> So maybe the “cargo cult” is the ruthless pursuit of profit, as opposed to constant reinvestment in the firm. It’s an old story, an individual or group of individuals becomes greedy and consumes enough resources to finally destabilize their society. A new society is born, people are afforded a new opportunity, for whatever reason a person or a small group of people gains an advantage, and then the cycle repeats. I think the question is how to shift incentives to break the cycle, while getting buy in from the stakeholders that are currently running it. There’s been some ideas around potentially how to do this, one suggestion is changing quarterly reporting to annual reporting for public companies, but then this limits visibility into public companies even further and creates a new set of problems. Then there’s the idea of getting rid of public companies, but I’m not sure that would actually result in the outcome people imagine. Finally there’s talks about wealth tax, which could work but really is more of a stick than a carrot, and has been met with a lot of hostility. So we have what we have and hopefully someone figures it out before the cycle restarts.