Maximization of short term profit is a safe road to hell for individuals, companies, investors and societies as whole
#hightimepreference
Discussion
Instant gratification trap
Exactly. And shortsight as well.
Most of the current economic and sociocultural malaises derive from this simple problem.
From financial cracks and budget deficits to addictions and chronic diseases to awful architecture and poor engineering
All depennds on low vs high time preference