The incentives in capitalism are what sets it up for the business owner and makes them the original out of touch weirdo believing contradictions and setting the incentives for the rest. I firmly believe that a person’s whole worldview is largely shaped by their incentives. Most people don’t do evil things that they think are evil. They mold their ethics, morality, philosophy, and even interpret their religion to make following their incentives virtuous.
Andrew Carnegie at 33:
I propose to take an income no greater than $50,000 per annum! Beyond this I need ever earn, make no effort to increase my fortune, but spend the surplus each year for benevolent purposes!..I will resign business at thirty-five, but during these ensuing two years I wish to spend the afternoons in receiving instruction and in reading systematically!
He later became one of the most ruthless robber barons of the gilded age. Bad behavior is done by individuals that should be held accountable. But accountability can’t outperform incentives. The incentives must change for a systemic change in behavior to occur. You could fire all C-suite and promote the best and after a while, you would be back to the same behavior.
The incentives in capitalism are what sets it up for the business owner and makes them the original out of touch weirdo believing contradictions and setting the incentives for the rest. I firmly believe that a person’s whole worldview is largely shaped by their incentives. Most people don’t do evil things that they think are evil. They mold their ethics, morality, philosophy, and even interpret their religion to make following their incentives virtuous.
Andrew Carnegie at 33:
He later became one of the most ruthless robber barons of the gilded age. Bad behavior is done by individuals that should be held accountable. But accountability can’t outperform incentives. The incentives must change for a systemic change in behavior to occur. You could fire all C-suite and promote the best and after a while, you would be back to the same behavior.