Opinion: Incentives and the Popular Response, By Uddin Ifeanyi
…none of these matters if our policy makers continue to miss the point that the outcomes that we attribute to our compatriots’ lack of patriotism are often the result of a collective response to perverse incentives.
Today, confronting a smorgasbord of often contradictory policies on the economy, I cannot but wonder how a people whose forebears could craft solutions as neat and effective as that to which I was introduced long ago, continue to churn out policies whose unintended consequences far outweigh their intendment ― and negatively too. The dilemmas that we face as a people are legion.
All of Lagos from Ikeja southwards is below sea level. So, with the rains this year has come a renewed focus on drains. Yet, the last major flooding in the State was the result of the adjoining waters rising and feeding back into lower lying parts of the State. Must it be thus, though? The whole of the Netherlands is below sea level, yet it doesn’t flood. “God created the earth, but the Dutch created the Netherlands”, we are told.
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