“I suspect that human economic growth would naturally tend to be faster and somewhat more superexponential, if it were not for the negative feedback mechanism of governments and bureaucracies with poor incentives, that both expand and hinder whenever times are sufficiently good that no one is objecting strongly enough to stop it; when “economic growth” is not the issue of top concern to everyone, all sorts of actions will be taken to hinder economic growth; when the company is not in immediate danger of collapsing, the bureaucracies will add on paperwork; and universities just go on adding paperwork indefinitely.”
You may consider expanding this into a post—it is one of the most important insights for the shorter term future I have yet seen on OB (or most other blogs).
“I suspect that human economic growth would naturally tend to be faster and somewhat more superexponential, if it were not for the negative feedback mechanism of governments and bureaucracies with poor incentives, that both expand and hinder whenever times are sufficiently good that no one is objecting strongly enough to stop it; when “economic growth” is not the issue of top concern to everyone, all sorts of actions will be taken to hinder economic growth; when the company is not in immediate danger of collapsing, the bureaucracies will add on paperwork; and universities just go on adding paperwork indefinitely.”
You may consider expanding this into a post—it is one of the most important insights for the shorter term future I have yet seen on OB (or most other blogs).