@llimllib @akkartik I have this hypothesis that basically we’ve made ourselves institutionally, structurally more greedy. Burgeoning inequality at the top means you have to make a lot more to have the social position you consider normal, not a loser. At a policy level, that goes through Wall Street and the tax system, we’ve made payouts from firms to the already wealthy very cheap, and called it “efficient” if Wall Street demands ever more of them.

@llimllib @akkartik Things that make customers and workers happier, that contribute to public science or social welfare or any other commons, are just “waste” under this world view, “agency costs”, because the only stakeholder whose satisfaction is efficient is the shareholder.