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There's an underappreciated semi-partisan divide over whether it's broadly more useful to move money/resources toward small things that are working or big things that are failing
Taken at face value, "grow what's working" and "fix what's broken" are both perfectly sensible. What it comes down to, I think, is whether or not you believe that increasing resources tends to ameliorate systemic problems rather than just obscuring them
To put a finer point on it: if you can effectively deploy cash or labor to fix broken institutions that have already scaled, it clearly makes sense to do that — scaling is hard. If you can't, well... a trashfire can presumably burn infinite cash
Sometimes it can be hard to discern a difference in values from a difference in strategic intuitions, and I think this is a common instance of the latter that's easily missed
Such a good description of the macro angst I am feeling
Bankruptcy and reorganization have their place.
My mind says that money should be moved to the former
moving the chairs around on the titanic after a coal fire for weeks and icebergs already has hit doesn't do much except keep you busy and away from the real criminals against the people. #tooBig2Succeed #TooBig2NotAbuse
My intuitions are similar, but strawmanning it doesn't help. There are institutions that help and those that have abused, just as there are individuals who have helped and abused. It's not black and white.
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