Monday, March 15, 2010

Broken Incentives: “People See What They're Incentivized to See. If You Pay Someone Not to See the Truth, They Won’t See the Truth.”

from Washington's Blog. The only problem with this article is that it narrowly focuses its thesis on the Wall Street/financial institutions. The thesis re incentives needs to be applied to the whole ruling class of owners of the economy who control not only the rewards of labor, but also what is produced which is leading to the destruction of the planet.