Nicely put:
“Okay, I’m going to just keep my head down and do what I’ve always done, because then I can be the most productive.” So, from the outside, after it runs for many, many years, it gets really broken. And part of that, I think is because it’s not only a lack of accountability. There’s also a lack of reward system for taking any risks. There’s only a negative consequence to taking risk. There’s no positive consequence to taking risk in government.”
See? Not only in the Greek public sector.
Nicely put indeed.
I have long argued, whenever anyone mentions that Greece is a “special case” that outsiders just “don’t understand”, that this view is not just myopic, it’s basically utter BS.
There is nothing new under the sun; the semi-failed state that is Greece is not “special”. It’s just the way the incentives are aligned.