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Charlie Munger’s advice the to corporate world: ”Show me the incentive, and I will show you the outcome” is not just empty words but applicable to society in general.

As we see incentives slowly becoming more toxic, also the world becomes more so.

The free market is especially effective at optimising based on incentives. There will always be someone who delivers for a price..

This is why when the main #incentives become money itself, we have to be on our toes:

It’s a runaway feedback loop!