5min chapter

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#348 - Daniel Schmachtenberger - Building Better Sensemaking

Modern Wisdom

CHAPTER

Rule of Law

The reason to have rule of law is to bind the predatory aspects of market incentive. Those at the top of the market have maximum incentive to corrupt the state, he says. The regulator that is supposed to regulate the state ends up getting captured by the market because it was supposed to be regulated by the people right? "We need better collective sense making to be able to identify these are perverse incentives"

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