Anti-Capitalist Sentiment (with some morality)

[Savy]

You'll find there are certain areas, especially those requiring creative solutions, that money incentives have shown to have a detrimental effect on.

[OngBonga]

You'll find there are certain areas, especially those requiring creative solutions, that money incentives have shown to have a detrimental effect on.

Probably. There's also plenty of people who aren't motivated by money. I think we have to look at this in general terms.

[Savy]

Probably. There's also plenty of people who aren't motivated by money. I think we have to look at this in general terms.

The thing with capitalism, and if anyone disagrees please do say, is that the idea is to put a value on things which currently we are so far away from actually being able to do that the idea gets ignored and we talk about money. Incentives are a great thing but they have to be relevant, for example job security has an incredible value that people don't really value correct and a lot of people are very falsely under the impression that their job is much safer than it really is. Anyway a better point is that personal development in your role is an absolutely huge incentive & for a lot of things vastly superior to money incentives whilst also leading to some of the other qualities mentioned such as self-respect. Those should all be accounted for in a real economic system but obviously doing so is hard whereas saying £5 > £4 therefore incentive is too simplistic and as a result when applied across the board it's wrong.

[wufwugy]

The thing with capitalism, and if anyone disagrees please do say, is that the idea is to put a value on things which currently we are so far away from actually being able to do that the idea gets ignored and we talk about money. Incentives are a great thing but they have to be relevant, for example job security has an incredible value that people don't really value correct and a lot of people are very falsely under the impression that their job is much safer than it really is. Anyway a better point is that personal development in your role is an absolutely huge incentive & for a lot of things vastly superior to money incentives whilst also leading to some of the other qualities mentioned such as self-respect. Those should all be accounted for in a real economic system but obviously doing so is hard whereas saying £5 > £4 therefore incentive is too simplistic and as a result when applied across the board it's wrong.

You're definitely thinking like an economist.

[CoccoBill]

You're definitely thinking like an economist.

Isn't the economist thinking more the opposite, that is, ignoring all those pesky externalities and just using money as the only metric? :P

[wufwugy]

Isn't the economist thinking more the opposite, that is, ignoring all those pesky externalities and just using money as the only metric? :P

Externality in terms of money. Asploded head.

[CoccoBill]

Externality in terms of money. Asploded head.

I have no idea what you're saying.

[wufwugy]

You'll find there are certain areas, especially those requiring creative solutions, that money incentives have shown to have a detrimental effect on.

Yeah even sometimes on non-creative work I think. Sometimes when people do things because of money they associate less of themselves or whatever with it. I'm not sure how valuable this knowledge is for macroeconomic policy though. If you want to cut cops' wages in half and just try hiring ones who will do a good job because it's "the right thing", you're gonna have a bad time.