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Senator Moynihan would not have been surprised by all this malfeasance. How could it have been otherwise? The American system of republican government was expressly designed to contain and channel all-too-human ambitions, hubris, and foibles. “Ambition must be made to counteract ambition,” James Madison wrote in Federalist 51.
An America of Secrets
thenewatlantis.com
He then went on to say, and this one I'm paraphrasing a bit, that it's the one of the things that sets founder-led companies apart from founder-less companies. Founder-led companies tend to take more risks. They're more risk tolerant, less risk averse.
Risk, Decisons, and Scarcity
world.hey.com
And what if a decision-maker did embrace unpredictability? Suppose a company announced that it would hire candidates randomly after filtering out clearly unqualified candidates, and it would promote employees randomly among those who met performance criteria. Because the overemphasis on merit is so ingrained in so many people, the company would come to be seen as an undesirable place to work, and it would lose good candidates. Such a policy wouldn’t survive long in our world.
AI Snake Oil
Arvind Narayanan and Sayash Kapoor
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