100% agree with the U.S. political system short term thinking mentality. Pander to voters with convenient sound bites or knee jerk reactions (see also: price gouging) while letting the clock run out on your own political career.
Another interesting thing is the tendency to want to "do something". This is especially common in authoritarians. I've always been fascinated with the major recession in 1920-21. President Harding was under pressure to "do something!" He did nothing, and the economy fixed itself. Capitalist economies are remarkably self healing.
100% agree with the U.S. political system short term thinking mentality. Pander to voters with convenient sound bites or knee jerk reactions (see also: price gouging) while letting the clock run out on your own political career.
Another interesting thing is the tendency to want to "do something". This is especially common in authoritarians. I've always been fascinated with the major recession in 1920-21. President Harding was under pressure to "do something!" He did nothing, and the economy fixed itself. Capitalist economies are remarkably self healing.
https://en.m.wikipedia.org/wiki/Depression_of_1920%E2%80%931921