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Though I've advocated for more metrics-based accountability in the past and agree with the author on that level, I don't know that tying a profit incentive is n
by csandreasen 12y ago
Though I've advocated for more metrics-based accountability in the past and agree with the author on that level, I don't know that tying a profit incentive is necessarily a good thing. It encourages people to vote for which policy is more profitable, which may or may not equate to which policy is more effective. If the goal was, for example, to reduce crime rate, it would be more profitable for me to vote for the Sheriff who's slightly more likely to fail but simultaneously more likely to cook the books than the one who has a 50/50 shot of actually decreasing the crime rate.
What if the policy in question is a rather difficult problem where all solutions are equally likely to fail? Would that discourage everyone to vote on that policy except for those who are already wealthy enough to make a risky investment?
Stepping back further, this would likely discourage anyone who didn't have sufficient disposable income to vote, thus making policy more lopsided. If I lose my job, how do I vote on establishing/expanding a safety net when I have to worry about feeding my family? If I can't vote, does that effectively mean that welfare and similar programs will be voted out by those that have no use for it?
- roryokane 12y agoThis all just points to the importance of choosing a good metric. The article’s example of GDP as a metric was just an example – later in the article, the author points out that a few ways in which that metric would need to be patched. I think the proper response to wanting to vote for a sheriff who would cook the books is to increase the penalty for sheriffs who are caught cooking the books, since their actions would incentivise others more than they do now. Hopefully then, even a more crooked sheriff would recognize that it is not in his interest to go to jail just so that the people who voted him in with can make more money. To help those who are on welfare, perhaps the metric needs to additionally include a criterion such as average happiness of everyone, including those on welfare, as rated by a periodic survey.
- seanflyon 12y agoThe problem of selecting a good measurable metric is not solvable.