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A comment on “Pain Is the Only School-Teacher”. Parent comment

Re:“Pain Is the Only School-Teacher” by WalterBright on Tuesday June 09, 2020 @05:33AM (#23465104)
A big reason free markets work so well is it is an inherently "skin in the game" setup. This does a better job of weeding out irrational and unproductive behavior than any other system.
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Re:“Pain Is the Only School-Teacher” by mettamage on Tuesday June 09, 2020 @07:43AM (#23465721)
My teacher (organizational psychologist) was warning banks before the 2008 crisis about their bonus culture, precisely because they don’t have enough skin in the game.

Also, as an employee, I don’t have enough skin either. I could get fired, I might not be promoted. That’s a whole different level than that one could lose everything immediately as some entrepreneurs.

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