Sure, this behavior seems “insane” if you assume the maximand of states is something like “the general welfare”, but that is simply a bad assumption.
One can label a collective process “insane” without so labeling any or all of the self interested actors participating therein. While many of the individuals involved may be acting more or less rationally the outcome is a clear instance of “People Are Crazy, The World Is Mad”.
Absolutely. This also applies if you have an insane government that will bail you out if your risky investment doesn’t pay off.
Is this hackable on a personal level?
Sure, this behavior seems “insane” if you assume the maximand of states is something like “the general welfare”, but that is simply a bad assumption.
One can label a collective process “insane” without so labeling any or all of the self interested actors participating therein. While many of the individuals involved may be acting more or less rationally the outcome is a clear instance of “People Are Crazy, The World Is Mad”.