23 Feb Smart Guys, Wise Guys
Educational institutions identify smart guys who society ushers into jobs that make laws and rules. The smart guys painstakingly work at rule-making, take themselves very seriously and get quite upset when people break or find ways around their rules.
Wise guys figure ways around laws and rules and invariably laugh, for relatively less effort they are better remunerated than smart guys.
When wise guys figure ways around rules, smart guys eventually take notice and write more rules to thwart the wise guys. Of course, the wise guys figure ways around the new rules. This minor cycle continues until at some point the rules cause the wise guys to work relatively longer and for less renumeration than the smart guys.
Then, the wise guys move on to other venues for better opportunities. Soon after, price goes up and quality goes down for the goods or services subject to the rule-making.
Ultimately, it’s clear that the smart guys weren’t so smart. They’re fired from the organization at which they worked and their rules are abolished. A new system emerges with limited rules, causing prices to go down and quality to rise. However, soon after, smart guys are hired again to make rules. A new grand cycle then begins.