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the more actual freedom people have, the harder and less rewarding managing or leading people becomes, so fewer people want to do it, and of those who do, most only want to appear to be doing it because the rewards of the theater are almost as high as the rewards of doing it
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Replying to
When effective interest rates are positive, cost of capital is nonzero so it pays to acquire and hold low-cost capital when you can get it. When it is effectively zero, there is no point holding it. When it's negative, you want to dump it.
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Same with people. Interest rate = rate of freedom accumulation. If it's high enough, people will submit to some coercive management today to acquire more freedom tomorrow. If it is zero, there is no real upside to managing or being managed.
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