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Invisible Sun's avatar

Individual incentives matter. The great error of all social engineers is the belief systems can be designed to perform a certain way without consideration of the incentives individuals have. The Left envisions communities where people's lives are not disrupted by punishment (arrested by police or disciplined at school). But communities without discipline result in people choosing to be antisocial because they can benefit and get away with it. The community is spoiled due to the lack of punishment for bad behavior.

Similarly, the Right envisions financial agents will not exploit loopholes for personal gain. But of course people will exploit loopholes! Not everyone, but enough people will cut corners that without the threat of punishment the system of free and competitive commerce will falter.

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