progress is inherently risky. we incentive risk taking behaviour because most people don’t actually want to take risks but we do want progress,
the side effect is that any personal pleasure these people get from taking risks is severely dulled by monetary success so they need to keep going bigger until they get so big they’re risking the very foundations of their success.
It bugs me when people say corporations enable people to take risks. They don’t. They eliminate risk. They allow people to do risky things without any personal accountability. Then they just shut down one corp, start another, and do it again.
It bugs me when people say corporations enable people to take risks. They don’t. They eliminate risk. They allow people to do risky things without any personal accountability.
It’s like snake oil salesmen from the ol West. But instead of jumping towns they jump companies.
progress is inherently risky. we incentive risk taking behaviour because most people don’t actually want to take risks but we do want progress,
the side effect is that any personal pleasure these people get from taking risks is severely dulled by monetary success so they need to keep going bigger until they get so big they’re risking the very foundations of their success.
It bugs me when people say corporations enable people to take risks. They don’t. They eliminate risk. They allow people to do risky things without any personal accountability. Then they just shut down one corp, start another, and do it again.
It’s like snake oil salesmen from the ol West. But instead of jumping towns they jump companies.
I did relate it back to money so you’re not wrong but I wasn’t really talking about our current incentive structure.
I believe we would reward these people with a cushion against risk no matter the underlying system because that’s what we value.
Adrenaline junkies then?
that’s not the sort of risk being mitigated by money.
it’s more that people in general are heavily loss averse so it’s beneficial to incentive people willing to risk loss.