Rewarded For Failure: UN Seeks “Emergency Powers“ For “Complex Global Shocks“

The incentive structure of government is different than the rest of society. In a free society, without government bailouts, failure is punished. Fail to serve, or do so unprofitably, and your economic livelihood comes under pressure. Not so with the government. When the government fails, there are immediate cries for more money and power. Government wants to be rewarded! This is why the government must be very limited. The UN failed miserably during the Covid, yet here they are seeking even greater “emergency“ powers.