Interesting Stuff Shirky Principle - I wish I had known that this concept was named. Shortly stated, “entities tend to prolong the problems for which they are the solutions.” This principle so obviously explains the persistence of rent-seeking and why so many organizations never achieve their stated goals and why so many institutions last well past their usefulness or effectiveness in a fiat economy. For example, an organization focused on eliminating homelessness will, intentionally or not, exacerbate homelessness to avoid its own destruction. ZIRP money will keep alive zombies well past their natural lives, indeed.
Bitcoin Tech Talk #386
Bitcoin Tech Talk #386
Bitcoin Tech Talk #386
Interesting Stuff Shirky Principle - I wish I had known that this concept was named. Shortly stated, “entities tend to prolong the problems for which they are the solutions.” This principle so obviously explains the persistence of rent-seeking and why so many organizations never achieve their stated goals and why so many institutions last well past their usefulness or effectiveness in a fiat economy. For example, an organization focused on eliminating homelessness will, intentionally or not, exacerbate homelessness to avoid its own destruction. ZIRP money will keep alive zombies well past their natural lives, indeed.