A couple of weeks back I wrote about problems with Socialism and probably how it can be improved with lesser gaming of the system. It is not that capitalism does not allow gaming the system, in fact there is immense lobbying that happens which is no less than corrupting the system. A few examples are – unsubstantiated loans to corporate houses (ICICI bank gave to Videocon group), Kingfisher Airlines and Jet Airways playing their own lobbying tactics to either get better slots / airports or getting competition out of the system.
The point is, in capitalism too many wrongful act are done at higher level too besides on personal level. Which is basically a case in Socialism too. The advantage in capitalism is everyone is trying to be rich whereas in socialism mostly the government control most of it. In many of these high level and individual level we tend to look at our own’s benefit over the collective good of the society. Effectively, we are individually smart and collectively dumb.
The technology enhancements are helping people game system can be done at various levels. A couple of days back I came across this small video on Twitter. In China, insurance companies offer discounts in the premiums of health insurance if a person is physically active. So, people have devised “a solution” to look fit. The point here is not to stay fit, but to let the insurance company believe you are fit. This step counter does the trick.
The above system is not only for fooling insurance companies but also to fool oneself. It defeats the purpose of having step counter, healthy life style and own’s health at large. Besides loss to the companies it is a bigger loss to individual – you only get on life to live.
Net net I would emphasis – you only get on life to live – live truthfully, why game the system? If you look at recent Indian businessmen’s examples be it Naresh Goyal of Jet airways, Vijay Mallya of Kingfisher airlines or Mehul Chowksi and Nirav Modi of Gitanjali group; by the way there are many more in the list; what is the result? Whole banking system and many consumers are at the receiving end. Why game the system – live life truthfully, isn’t it?