Updating the Governmental Reward Function

source: The Economist
  1. If you manage to get a population to live in a state of fear, then as a government you can do what you please with them. Almost everything will be justified.
  2. As you do what you please with them, the only thing you have to do to keep the votes coming in is to scare them even more. Like this, regardless of how much you over extend yourself, you will come across as a hero to many.
  1. Citizens are being economically impoverished very fast. Fines for exercising basic civil rights account for a large % of the average salary. Businesses are totally subject to the latest regulatory ideas of people who have likely never worked a job, created a company or invested their own money in a business.
  2. Public servants are doing alright. The salaries of public servants are not correlated to the real economy and so they are free to continue perverting the reward function with no real immediate cost for them.
  3. General mental health is deteriorating fast. A quick conversation with 20 random strangers you may encounter in the street will evidence this. You may even be experiencing this yourself.

Investor, Technologist. Post opinions, not financial advice. Do your own research. Follow me at TW:alc2022

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Antonio Linares

Antonio Linares

Investor, Technologist. Post opinions, not financial advice. Do your own research. Follow me at TW:alc2022

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