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Tom White's avatar

"[T]his is exactly how a complicated regulatory issue gets flattened into a moral cartoon...instead of explaining this crucial context, they frame everything like a morality play."

Bravo. I can't think of a better encapsulation of today's Media Industrial Complex. Just think: if the news is fake, imagine history!

Dave Van de Walle's avatar

This is gosh-darn brilliant.

Munger's line is a driving force in ways people just don't realize. I've watched it happen countless times — am watching it now in the American workplace — and we understand that people are both rational and incentive-driven.

Related: A company I worked at a decade or so ago — name redacted — went to an exec and said "you need to lay off a bunch of people so we can make numbers." He refused on moral grounds. They went back to him again, but stated it a different way: "If you want to keep your job and get your bonus next year, you need to lay off a bunch of people."

We know how it ended.

We were incentivized for a long time to "go electric." It was long enough for Tesla to establish dominance. But it wasn't long enough for the rest of the auto industry, and Trump came in and nixed the necessary regulations to get back to some sense in the industry.

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