The Management Problem
14th October 2020
ZMan does a deep dive.
A defining feature of the managerial state is that it creates problems that require it to then fashion complex solutions to solve. A group of experts from the managerial class made some reform, which then created unintended problems. The solution is to draft a new set of experts from the managerial class to solve this new problem. Inevitably, this creates new problems and the process continues into forever. A good current example of this is what to do with the tech monopolies.
The reason we have tech monopolies is Congress drafted laws that allowed the firms to turn into behemoths. In gratitude, these firms then showered their favorite politicians with cash, in order to avoid getting the Microsoft treatment. This allowed the firms to get bigger and turn the thank you cash into threats. It is not unrealistic to think these firms are now able and willing to blackmail politicians with information gleaned from their social media, e-mail and mobile devices.
October 15th, 2020 at 05:02
Congress doesn’t draft laws. Special interest groups on K Street do and then they pay lobbyists to find members of Congress to push the new legislation.
October 15th, 2020 at 10:36
Like here: Priorities for 2021