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The results of a perverse incentive scheme are also sometimes called cobra effects, where people are incentivized to make a problem worse. This name was coined by economist Horst Siebert based on an anecdote taken from the British Raj .
Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and the Government Bailout Will Make Things Worse is a book on the global financial crisis of 2007–2008 by historian Thomas Woods, with a foreword by Ron Paul. The book was published on February 9, 2009 by Regnery Publishing.
Enshittification, also known as crapification and platform decay, is the term used to describe the pattern in which online products and services decline in quality over time.
Image credits: anon #9. 2 Things. Completed products. Before the rise of online gaming all games had to be completed before they could be pushed out and you couldn't really do upgrades (although ...
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However, Government failure often arises from an attempt to solve market failure. The idea of government failure is associated with the policy argument that, even if particular markets may not meet the standard conditions of perfect competition required to ensure social optimality, government intervention may make matters worse rather than better.
The regular things that make up this pricey list m. Last weekend, when I went grocery shopping and had to part with a chunk of money, it suddenly hit me how expensive everything is getting. I mean ...
In 1960, cultural critic Vance Packard published The Waste Makers, promoted as an exposé of "the systematic attempt of business to make us wasteful, debt-ridden, permanently discontented individuals". Packard divided planned obsolescence into two sub categories: obsolescence of desirability and obsolescence of function.