The problem is the incentives of the decision makers often don’t align with that time horizon.
Consider a CEO who is rewarded by quarterly outcomes rather than how healthy the company will be in two or three decades. Or a politician who proposes a short-term policy that looks like a short term win but will undermine constituents after they are long out of office.
Consider a CEO who is rewarded by quarterly outcomes rather than how healthy the company will be in two or three decades. Or a politician who proposes a short-term policy that looks like a short term win but will undermine constituents after they are long out of office.