Ramez Naam Quotes

You've got to change incentives for good behavior as opposed to just disincentivizing bad behavior.

This is what happens when you try to help people. You get screwed.

One simple step firms can take is make sure that people that are getting paid a lot of money, say more than a million or two, that a big chunk of that money is deferred. That's going to change the whole ballgame.

In the bureaucracy, incentives will forever be inverted. Failure results in success: in more funds, more training, more time off.

We got to make sure that we have the incentives for people to rise and not put them in a position of where they go to work and they lose more than what they gain and they're like this system is terrible.

God save us from people who mean well.

People who intend only to seek their own benefit are “led by an invisible hand to serve a public interest which was no part of” their intention. I say that there is a reverse invisible hand: People who intend to serve only the public interest are led by an invisible hand to serve private interests which was no part of their intention.

You can't reward people who don't want to work with more money than they would make while they were working.

If the practices and processes inside a company don't drive the execution of values, then people don't get it. The question is, do you create a culture of behavior and action that really demonstrates those values and a reward system for those who adhere to them?

In most cases, no matter what it is, if you measure it and reward it, people will try to excel at it

Perdition awaits at the end of a road constructed entirely from good intentions, the devil emerges from the details and hell abides in the small print.

You know, it's not my film [Valerian], it's really their film. It's very strange. And maybe because it's more when you comes to the Marvel films it's way much more organized and plan, you know, they planned. Okay, we have Thor here, we have this and then we do The Avengers, and then we group. You know, it's much more organized. So maybe there is a little less freedom at the end for the creative people. Where I did the entire opposite. I let them help me, you know. So that's also why maybe they were so involved.

Forget socialism, capitalism, just-in-time deliveries, salary surveys, and the rest ... concentrate on building organizations that accomplish that most difficult of all challenges: to make people look forward to coming to work in the morning.

Rent control is one policy that economists universally would oppose. It is a grossly inefficient way of allocating housing space and, of course, it inhibits construction and creates the very thing it is supposed to alleviate. It is one of those things where people simply don't understand simple economics and, therefore, put in for political reasons what will damage the very people that it is designed to help. Minimum wage levels are another classic example.

People have accused me of only working with good companies. No I don't. I work with some very dysfunctional companies or unbelievably dysfunctional organizations. The people that bring me in know what they're doing won't work for the future. They know they want to change and they want to change for the right reasons. They believe what I believe and that's why they called me.

When it comes to trying to manage how our entire planet-wide market and all the people and businesses in it deal with nature and our natural resources - we first and foremost need to change the incentives.

Every organization, no matter who it is, just follow the money.

Monetary rewards are not a substitute for intrinsic motivation.

The money has to be deferred with what they call "clawback," which means they can get it back if I lose it all. So that guy making ten million a year selling credit default swaps, if we're going to keep five million of it in escrow for ten years, and with the right to go back and get it, if he starts losing money, then we're going to give people the right incentives not too take so much risk.

Most people die from the remedy rather than from the illness.

We make a big mistake when we conclude that the law is the answer to bad behavior. In fact, the law alone stirs up more of such behavior. People get worse, not better, when you lay down the law. To be sure, the Spirit does use both God's law and God's gospel in our sanctification. But the law and the gospel do very different things.

Above all, good leaders are open. They go up, down, and around their organization to reach people. They don't stick to the established channels. They're informal. They're straight with people. They make a religion out of being accessible. They never get bored telling their story.

I had to go on TV with the president of the Catholic League, which is not an official organization at all, just a lot of Catholics, or maybe it's just this guy. He demanded to de-fund art completely and argued that taxpayers should not pay for it. I said people who represent the Catholic Church shouldn't talk about taxes.

When I made my theoretical model, I could not have guessed that people would try to realise it with Molotov cocktails.

People seem sheathed in their tough organization.