alt Hacker News>> “I was wrong,” the former German finance minister, Wolfgang Schäuble, says, simply. “We were all wrong.”
So when are they retroactively giving back their salaries and pensions for having fucked up the livelihoods of their taxpayers?
Politicians have no incentive to ever make good decisions for the future of their country without any skin in the game from which their personal riches are derived.
>We win or we learn.
Jensen Huang said that failure is learning but sometimes failure is just failure and you should know when to cut your losses before the failure goes from learning to bankruptcy. And Germany did far more failure than actually learning.
> So when are they retroactively giving back their salaries and pensions for having fucked up the livelihoods of their taxpayers?
Does anyone, ever, in any role, do this?
Do CEOs return their bonuses and pay and pensions when they close a business, let alone when they cut the workforce, let alone when they miss the growth of a competitor that is currently still not a direct threat and is instead fighting a battle of attrition with friend of the CEO and would only become a threat if they can take that friend's resources without the attrition destroying everything of value?
> Politicians have no incentive to ever make good decisions for the future of their country without any skin in the game from which their personal riches are derived.
The penalty for most errors in politics is the same as the penalty in any other job: you lose the job.
Most errors, because the really bad errors get you killed, either by an angry mob or by an invading army or by special forces (who may be from the latter while pretending to be the former).