{"id":873,"date":"2008-10-01T04:20:43","date_gmt":"2008-10-01T08:20:43","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/sj\/?p=873"},"modified":"2008-10-01T04:20:43","modified_gmt":"2008-10-01T08:20:43","slug":"scale-of-responsibility","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/sj\/2008\/10\/01\/scale-of-responsibility\/","title":{"rendered":"Scale of responsibility"},"content":{"rendered":"<p>There is responsibility for self, for family, for dynasty.\u00a0 For community, state, nation.\u00a0 Local ecosystem,\u00a0 environment, planet.\u00a0 Foundations, infrastructure, superstructures.\u00a0 Habits, memes, social and legal norms.\u00a0 And all of these on the scale of weeks, years, centuries.<\/p>\n<p>When you are responsible for safeguarding and monitoring long-term infrastructure health and development, you should know when to be on high alert.\u00a0 You should know what your contingency plans are in an emergency.\u00a0 And you should be self-aware about how much time may be needed for implementation.\u00a0 When you have to resort to <a href=\"http:\/\/yglesias.thinkprogress.org\/archives\/2008\/09\/the_paulson_crisis.php\">quiet threats<\/a>, rather than understood emergency plans that get <strong>tested<\/strong> in the absense of a crisis, you&#8217;ve already lost.<\/p>\n<p>Everyone in charge of <strong>handling<\/strong> economic emergencies suffered from a deadly lack of preparation, leading to <a href=\"http:\/\/www.amconmag.com\/larison\/2008\/09\/29\/aftermath\/\">gross irresponsibility<\/a>.\u00a0 They are selfishly hoping to salvage their own face, in the face of the destruction of the life&#8217;s-work-equivalents of millions of people, rather than discovering the elegance of a true large-scale solution.\u00a0 Noone has been honest enough to step back, publicly admit their own failure &#8212; pass on <strong>what killed you<\/strong> to those who come after &#8212; and try to correct to a completely new plan and more realistic worldview.<\/p>\n<p><em><span style=\"text-decoration: underline\">Bonus chatter<\/span><\/em> <strong>:<\/strong><\/p>\n<ul>\n<li><span>Hyun Shin + Markus Brunnermeier + Harrison Hong + Paul Krugman + <strong>Alan Blinder<\/strong> = <a href=\"http:\/\/es.youtube.com\/watch?v=Wj_JNwNbETA\">Princeton financial crisis redux<\/a>. <\/span><\/li>\n<li><span>Legendary economist <strong>Ed Glaeser<\/strong> describes a <a href=\"http:\/\/economix.blogs.nytimes.com\/2008\/09\/30\/housing-prices-in-the-three-americas\/\">three-tiered US housing market<\/a>.<br \/>\n<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>There is responsibility for self, for family, for dynasty.\u00a0 For community, state, nation.\u00a0 Local ecosystem,\u00a0 environment, planet.\u00a0 Foundations, infrastructure, superstructures.\u00a0 Habits, memes, social and legal norms.\u00a0 And all of these on the scale of weeks, years, centuries. When you are responsible for safeguarding and monitoring long-term infrastructure health and development, you should know when to [&hellip;]<\/p>\n","protected":false},"author":1202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-873","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7iVvB-e5","jetpack-related-posts":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/posts\/873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/users\/1202"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/comments?post=873"}],"version-history":[{"count":0,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/posts\/873\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/media?parent=873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/categories?post=873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/tags?post=873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}