tag:blogger.com,1999:blog-6546613382023661583.post5113461319919686855..comments2023-11-05T12:16:33.639+00:00Comments on Eyes on Power: We Don't Work for MoneyEyes on Powerhttp://www.blogger.com/profile/02408947428831888312noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6546613382023661583.post-20592144466969482852010-07-08T17:43:52.438+01:002010-07-08T17:43:52.438+01:00There's an interesting extract from Nassim Nic...There's an interesting extract from Nassim Nicholas Taleb's new book in the New Statesman where he argues that someone making an "incentive" bonus shouldn't "manage a nuclear plant - or your financial risk". It expands on Harvey's argument in the video that incentives aren't incentivising by arguing that incentives are unproductive and inefficient because they lead to cost cutting (often at the risk of health & safety) to secure profits. It creates long-term structural weaknesses.Dan @ Eyes on Powerhttps://www.blogger.com/profile/07098864719222064502noreply@blogger.comtag:blogger.com,1999:blog-6546613382023661583.post-54790173428997289712010-07-06T22:47:34.188+01:002010-07-06T22:47:34.188+01:00Interesting idea Pete, but I don't think it...Interesting idea Pete, but I don't think it's just limited to an information based economy. Just look at the charity sector or museum sector which all rely on volunteers to survive. Many people give up their time for worthwhile causes - whether it's to help others or pursue personal sources of interest.Dan @ Eyes on Powerhttps://www.blogger.com/profile/07098864719222064502noreply@blogger.com