50 sats \ 2 replies \ @Undisciplined OP 27 Nov 2023 \ parent \ on: Meta Econ Takeover Day 42 meta
In certain types of repeated games, cooperation can only be sustained until one player perceives the end as approaching. From that point on, the strategy switches to grabbing as much for yourself as possible.
In recent years, I've felt like the western "elites" made an analogous strategic shift and it's made me wonder if it's because they saw the end coming.
Thank you .
Its a good theory, and explains a lot. The game is up so grab what you can!
For example, in the UK, we've seen failed politicians somehow continue to magically earn the big bucks, despite their failure. Nick Clegg at Meta.
Theresa May, complete Brexit failure, alienated everyone on all sides, (pls note I'm not raising the Brexit issue here!) in the UK and the EU, has somehow managed to bring in over £2m in "outside interests" in a few short years since resigning as PM and going back to being a backbench MP (backbenchers have no power in the UK House of Commons). How? Why? Short-term self-enrichment is the only answer?!
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Scott Adams used the term "pre-bribes" to describe those payouts. It's not really Theresa May being bribed with that money. It's a signal to current politicians that as long as they play ball, they too can get a big payday once they leave office.
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