"We know that people will lie, cheat, and steal for relatively small payoffs. What do you suppose they’ll do if they can make $345 million a year doing it?...It's an interesting theory.
The opportunity to get ahead can certainly make people work harder and sometimes smarter, which is very often a good thing. Increasing the potential rewards without limit, however, simply means that other motives and considerations will be overwhelmed. Offer me enough and I’ll not only ignore my obligations to my fellow man, I’ll feel that I ought to ignore them."
Sunday, July 29, 2012
When Potential Rewards Overwhelm Risk
An interesting blog post over at the venerable site inanis et vacua (possibly the blog of writer Jim Harrison) asserts that the problem with capitalism is it is too rewarding. An excerpt: