alt Hacker NewsThat’s how policy makers and concentrated decision power class get completely disconnected from actual resources at stake and what actual constraints need to be weighted. If a job require to put a blindfold and a sound blocker headset preventing to hear the things people scream, people in the role will happily accelerate against the wall the are induced to ignore.
This is not even specific to capitalism or VC mind you. Look how PRC led to the Great Chinese Famine. That’s why actual democracies (not the inter-elected aristocraties ), despite all their downsides, are so damn interesting. Corruption, negligence, or mere error with catastrophic follows, is easily spread in a situation where small core of individuals monopolize greatest part of decision weight, but is logistically impossible to achieve in a system optimized for widespread and highly redundant power responsibilities.