added by Riley Crane · updated 2y ago
Kludgeocracy in America
- The constant curse of scale is that it leads to big, dumb bureaucracy—which, of course, reaches its highest and worst form in government where the incentives are really awful.
from A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994 by Charlie Munger
Daniel Bakalarz added
As long as governance is reducible to economics, it will be difficult to prevent the feedback loops between wealth and power from spiraling into plutocratic outcomes.
from Governable Spaces: Democratic Design for Online Life by Nathan Schneider
- The great defect of scale, of course, which makes the game interesting—so that the big people don't always win—is that as you get big, you get the bureaucracy. And with the bureaucracy comes the territoriality—which is again grounded in human nature. And in a bureaucracy, you think the work is done when it goes out of your i... See more
from A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994 by Charlie Munger
Daniel Bakalarz added