If you buy that the role of public corporations is to maximize value for their shareholders, they are one of the only institutions that are consistently living up to their purpose and mission.
Ben Reinhardt on Twitter: “On that note - when was the last time anybody resigned for failing at their role in an institution?As opposed to something orthogonal… https://t.co/Pd9RJIDKmG”
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Institutions shape how individuals interact
Organizations don’t do anything, people in organizations do things
Most institutions have become cancerous
The default state of an institution is to become a permanent thing dedicated to its own self preservation
§Institutions and Games
Individual actions reflect on Institutions
Could you design incentives so everyone had skin-in-the-game around institutional purpose and mission?
Observations that lead to the assertion of institutional decay
‘Have your cake and eat it too’ life-games have led to a toxic society
Reformers are heretics who aren’t kicked out of an institution