Home > Uncategorized > “Dysfunction,” “greed” and “mistakes” are predictable results when people act in systems that absolve them of accountability for harms to others

“Dysfunction,” “greed” and “mistakes” are predictable results when people act in systems that absolve them of accountability for harms to others

Left and Right keep looking for dichotomies of good/bad, where I see two sides of the same coin - the phenomena of predictably unaccountable, irresponsible, greedy, self-serving, stupid risk-shifting behavior by individuals within organizations where they are shielded by law/lack of transparency/custom/raw power/physical or social remoteness from other people who bear the bulk of the costs of actions that seem advantageous to those who act.

I also observe the ‘dysfunction’ in/of organizations that themselves are protected from the choices of citizens/customers, by virtue of law, monopoly or other coercion, and that such “BLOWBACK” often pays in spades for the group that makes or drives the bad decisions.

This is essentially a scientific undertaking in which many like #Ostrom was and others under the rubric of #NewInstitutionalEconomics are involved in researching and explicating.

Those who reflexively are incapable of looking at the fruit of massive state interventions in the economy (including the corporations that the state makes), who demand MORE and BETTER of what hasn’t been working, are displaying essentially religious and tribal mentalities. We have Sunni and Shia tribes in our #AmericanTaliban!

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