Chapter
How Political Action Can Turn Into a Morality Pageant
44:33 - 52:40 (08:06)
Politicians are incentivized to appear morally good, often leading to unsustainable policies that benefit a select few. Examples include subsidizing low-income housing in expensive areas and falsely claiming residency for rent-controlled apartments.
Clips
The prevalence of misinformation in politics due to personal relationships and social media, combined with the incentive for politicians to make morally charged statements that may not lead to actual action, has led to governance by executive order.
44:33 - 49:03 (04:29)
Summary
The prevalence of misinformation in politics due to personal relationships and social media, combined with the incentive for politicians to make morally charged statements that may not lead to actual action, has led to governance by executive order.
ChapterHow Political Action Can Turn Into a Morality Pageant
Episode#221 - Justin Tosi - The Abuse Of Moral Talk For Self Promotion
PodcastModern Wisdom
When political action turns into a morality pageant, it creates incentives for politicians to appear morally good while sometimes allowing for loopholes that can cost taxpayers.
49:03 - 52:40 (03:36)
Summary
When political action turns into a morality pageant, it creates incentives for politicians to appear morally good while sometimes allowing for loopholes that can cost taxpayers. In New York City, rent control puts a limit on how much landlords can raise the price of rent, but sometimes creates situations where some tenants pay much less than others, leading to subsidy by taxpayers.