Opacity

Shared by JohnH

HatTip to Dave Lull. From NNT’s notebook.

145 Intervention Bias

FIELD

Intervention Bias

Costs/Fragility

Medicine, Health

Overtreatment, bias
Steady feeding, thermal stability, etc.
Pharmaceutical addition, not  subtraction

Sicker (but longer-living)
humans, richer pharma, exposure to antibiotic resistant  bacteria

Economics

“No More Boom and Bust” (Greenspan (US), Labor (UK)), Great Moderation (Bernanke)
State interventionism

Deeper crises when they happen;
Support for established, state-friendly corporations;
stifling entrepreneurs

Politics

U.S. supporting rotten regimes “for the sake of stability”

Top-down state

Chaos after a revolution

Ecology

Micromanaging forest fires

Worsening total risks

Business

Positive advice (charlatans), focus on return not risk (what to avoid)

Richer charlatans, bankrupt businesses

Literature

Copy editors trying to change your text

Blander, more NYT style commoditized writing

Education

The entire concept is grounded in intervention bias

 

Technology

Neophilia

Fragility

 

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