Comment by tomaskafka
2 hours ago
As long as there are people who allocate billions with a sign of the pen, with zero personal responsibility and skin in the game, there will be whole industries dedicated to swaying their hand.
2 hours ago
As long as there are people who allocate billions with a sign of the pen, with zero personal responsibility and skin in the game, there will be whole industries dedicated to swaying their hand.
Right, and there can be laws that make their efforts more or less effective.
For example, we could behead people convicted of corrupting or being corrupted. That would be a significant deterrent.
While I like the sentiment, the law of unintended consequences will most likely strike back hard.
I don't think this is necessarily a good policy. I'm saying it's obviously blatantly untrue to suggest that just because people will always want to corrupt public officials, that they will be equally successful in all possible universes.
It's also untrue to suggest that any intervention will necessarily create a worse outcome than the status quo.